Construction Business Owner

APRIL 5, 2021

Mon, 04/05/2021 - 07:30. But for business owners, now is as crucial a time as ever to assess some of the more familiar pillars of protection: insurance. Protecting Your Business & Recovering From a Major Loss. Alex Headley.

Risk 335

Risk Insurance Safety Environment 335

Pro Builder

JUNE 17, 2021

Managing Rising Construction Costs: Insurance. Thu, 06/17/2021 - 10:43. Builders and remodelers carry insurance policies that cover risks for the project, and coinsurance clauses, which are in many policies, say the builder should maintain coverage up to a specific value. cbroderick.

Insurance 52

Insurance Management Remodeling Construction 52

Pro Builder

MAY 16, 2022

The Cost of Buying a Home Is up 50% From 2021. times more on their mortgage bills than buyers in 2021 as the Fed continues to drive up interest rates to put a damper on runaway inflation. For example, nationally mortgage payments are about $1,882 a month, not including property taxes or homeowners insurance. Affordability.

Miami 98

Miami Metro Insurance Budgeting 98

Pro Builder

FEBRUARY 4, 2021

What Home Builders Should Know About Liability Insurance. Thu, 02/04/2021 - 12:41. Head of Home Builder Insurance for Berkshire Hathaway Specialty Insurance Katie Beck sits down with Jenny Simon, director of marketing communications for IBACOS to break down the challenges she faces when offering and underwriting coverage for builders.

Insurance 52

Insurance Liability Risk Management 52

NH Construction Law

JANUARY 30, 2022

When a contractor or subcontractor is sued for defective workmanship, one of his first thoughts is likely to be whether the damages are covered by his liability insurance. But if the plaintiff’s complaint also alleges some resulting property damage, however minor, the insurer is obliged to defend the lawsuit.

Insurance 40

Insurance Liability Defense New Hampshire 40

Pro Builder

FEBRUARY 18, 2022

Roughly 1 in 10 American Homes Were Impacted By Natural Disasters in 2021. Climate emergencies are becoming a major priority for homeowners in high-risk areas, especially after one of the most destructive years for severe weather on record in 2021. in 2021, impacting over 14.5 Fri, 02/18/2022 - 10:57. million homes.

Insurance 52

Insurance United States Risk Environment 52

BD+C

JUNE 16, 2021

States lacking consistent statewide building codes are most vulnerable to the effects of hurricanes , according to the Insurance Institute for Business & Home Safety (IBHS) 2021 edition of Rating the States.

Insurance 116

Insurance Safety 116

Levelset

JUNE 29, 2022

In this article, we’ll look at the top 10 violations found during OSHA inspections in 2021, the cost of OSHA violations, and how to prevent them. Unsurprisingly, the most common OSHA violation in construction in 2021 was the failure to provide appropriate fall protection. Workers’ compensation insurance. Compliance cost.

OSHA 52

OSHA Inspections Construction Safety 52

Pro Builder

MARCH 1, 2021

Mon, 03/01/2021 - 09:43. An increasing number of first-time buyers opted for conventional, conforming loans rather than FHA-insured mortgages in January. NAR says FHA financing can often be more expensive due to the mortgage insurance. 30-year fixed-rate mortgage and private mortgage insurance of 1.5%. cbroderick.

Finance 100

Finance Insurance Income Equity 100

Autodesk Construction Cloud

OCTOBER 14, 2021

Findings from the 2021 Autodesk and AGC Workforce Survey shed light on many of the relevant challenges to be aware of in the coming year, such as labor shortages, project delays, and the rising costs of materials. Firms report two key reasons: a lack of qualified candidates and unemployment insurance supplements.

AGC 52

AGC Autodesk Materials Industrial 52

Constructlaw

JANUARY 19, 2022

Law360 has named two Troutman Pepper practices among its Practice Groups of the Year for 2021. Partner Luke Eaton also was recognized in 2021 by Law360 as a Construction Rising Star. Construction and Energy Practices Honored With National Awards. Learn more at troutman.com.

Finance 52

Finance Legal Equity Commissioning 52

Pro Builder

SEPTEMBER 22, 2021

Wed, 09/22/2021 - 12:05. SmartAsset compared all 50 states to rank the best place for homeownership based on such factors as value appreciation, home value to household income ratio, the average cost of annual insurance, property taxes, burglary rate, and five other metrics. Best States for Home Ownership. Nowhere in the U.S.

Idaho 52

Idaho Utah Insurance New Hampshire 52

Pro Builder

DECEMBER 14, 2021

Tue, 12/14/2021 - 09:52. The Arizent survey’s mortgage industry respondents came from both nonbanks (29%) and banks (42%) and also included mortgage brokers (15%) mortgage insurance companies (7%), mortgage tech providers (5%) and government and title insurance professionals (2%). Mortgage Lender Predictions for 2022.

Insurance 105

Insurance Residential Banking Housing 105

Pro Builder

JANUARY 18, 2021

Mon, 01/18/2021 - 09:57. Operational costs include property taxes, insurance, maintenance, and utilities. Home insurance is the next most expensive item on the operating costs list. On average, homeowners pay just over $1,250 to cover home insurance. The Newer the Home, the Less Operational Costs for Homeowners.

Insurance 105

Insurance Accounting Electrical Housing 105

Pro Builder

JUNE 13, 2023

While the moratorium ended in 2021, many states extended it. Then we have the issue with homeowners insurance where every time we get a storm, [the insurance companies] either cancel or raise the prices.” That uptick corresponds with the end of a federal moratorium that suspended foreclosures during the COVID-19 pandemic.

Housing 52

Housing Bankruptcy Insurance Permits 52

Autodesk Construction Cloud

OCTOBER 5, 2023

Decreasing time spent on manual tasks According to the 2021 Construction Technology Report by JBKnowledge, 37 per cent of companies use four or more applications on their projects. In 2022, Singapore recorded 46 workplace fatalities, a stark increase from the 37 recorded in 2021, 30 in 2020 and 39 in 2019.

Safety 88

Safety Insurance Risk Documentation 88

Construction Enquirer

JULY 26, 2023

Insurance giant L&G is being forced to dismantle homes built during its short loss-making foray into manufacturing modular housing. In May L&G Modular Homes suddenly announced it was halting production at its timber-frame modular housing factory near Selby after amassing heavy losses reported to total around £170m at year-end 2021.

Foundation 89

Foundation Insurance Deals Housing 89

Pro Builder

JANUARY 21, 2022

in the fourth quarter 2021, continuing an upward trajectory that inches closer and closer to the “unaffordable” designation at 28%—which is often the tipping point for when lenders become reluctant to issue a mortgage loan. In Q3 2021, home prices were growing faster than wages in 78% of the counties surveyed. Market Data + Trends.

Housing 105

Housing Insurance Debt Income 105

Pro Builder

MAY 6, 2021

Thu, 05/06/2021 - 10:02. After Hurricane Sally damaged the roof of one Florida couple’s waterfront home, insurance payouts only covered two-thirds of actual damages. The couple put $100,000 of their own money into repairs although they pay $28,000 annually for their insurance coverage. cbroderick.

Insurance 52

Insurance Florida Risk Zoning 52

Wolgast Corporation

JULY 6, 2022

They have collected data from years 2014-2021 and have determined that there is an average of 60 vehicle/building impacts daily, 500 deaths annually, and 4,000 injuries each year. The emergency response report is also useful in your insurance claim for timing and dates.

Insurance 118

Insurance Claims Safety Michigan 118

Pro Builder

APRIL 13, 2021

Tue, 04/13/2021 - 09:47. In suburban neighborhoods near cities such as Atlanta, Las Vegas and Phoenix, blocks of families are sending monthly rent checks to ventures backed by Canadian pension funds, European insurers, and Asian or Middle Eastern government-run funds. One-Third of Single-Family Rental Investors are Foreign. cbroderick.

Las Vegas 96

Las Vegas Phoenix Atlanta Insurance 96

Pro Builder

SEPTEMBER 24, 2021

Fri, 09/24/2021 - 10:46. As the mortgage industry wonders what to do next it will have to pivot from risk models that are focused on credit and operating risk underwritten and priced by insurance companies. Mortgage Market is Not Ready for Climate Change.

Insurance 52

Insurance Risk Modeling Housing 52

Pro Builder

OCTOBER 26, 2022

Unfortunately, their investments aren’t always enough—a reality that came into focus when Hurricane Ian destroyed scores of homes, many of which lacked flood insurance,” said Redfin Chief Economist Daryl Fairweather. A 2021 Redfin analysis found that more people have been moving into than out of the U.S.

Risk 98

Risk Tampa Metro Florida 98

Construction Marketing

NOVEMBER 15, 2022

since March 2021, with the median price reaching $405,000 marking an 8% increase during the same period, according to Fit Small Business. Also, be ready to pay fees for building permits, insurance, upkeep of existing structures like fence lines and drainage systems, and maintenance of construction equipment.

Income 156

Income Commercial Feasibility Residential 156

Pro Builder

JUNE 24, 2021

Thu, 06/24/2021 - 10:53. Rising down payments result in a drop of FHA and VA-issued mortgages, which insure zero and low down payment options. Meanwhile, the share of FHA-insured mortgages to total mortgages in fell to 14% in May 2021 from about 20% in past years. More Than Half of Buyers Now Put Down 20% or More.

Finance 52

Finance Inspections Inventory Discrimination 52

Pro Builder

MARCH 2, 2021

Tue, 03/02/2021 - 09:07. This criteria is the sum of mortgage payments, property taxes, homeowners and private mortgage insurance premiums during the first year, which should not exceed 28% of a household’s total income. 60% of Households Cannot Afford New Median Priced Home. cbroderick. Roughly 60% of households, or 75.1

NAHB 64

NAHB Income Insurance Estimating 64

BD+C

MAY 4, 2020

Andrew Cuomo signed the provision as part of the fiscal year 2021 budget on April 3. Savings from fees, rents, interest rates, other loan costs or insurance costs that are below market rate.

New York 52

New York Insurance Budgeting Budget 52

Pro Builder

SEPTEMBER 7, 2021

Tue, 09/07/2021 - 10:00. The only people who have figured out are the [actuaries], the people who have to calculate the cost of insuring these properties,” said Kelman, who has led Redfin for about 15 years. Buyers 'Marching Into the Jaws of Destruction' Says Redfin CEO. cbroderick. Natural disasters are expensive. Read More. .

Phoenix 52

Phoenix Insurance Philadelphia Utah 52

Pro Builder

AUGUST 30, 2021

Mon, 08/30/2021 - 11:19. Now some employers are considering increasing health insurance contribution costs for workers who chose not to get the ? Surcharges for Unvaccinated Workers Gain Momentum. What are the practical and legal considerations for surcharging unvaccinated employees?

Employment 99

Employment Resource Insurance Safety 99

Pro Builder

MAY 4, 2021

Tue, 05/04/2021 - 09:44. SunAmerica had its roots in Sun Life, an old-line insurer Broad had acquired to hedge his volatile home-building business. It was transformed into a financial powerhouse by introducing variable- and fixed-rate annuities, which Broad called “mutual funds in life insurance wrappers.” cbroderick.

Los Angeles 52

Los Angeles Insurance IDEA Foundation 52

BD+C

AUGUST 21, 2018

The iconic hotel, which opened at its current site in 1931, has been closed since February 2017, and is scheduled to reopen in 2021 (one year later than previously announced).

New York 65

New York Insurance Renovating Schedule 65

Pro Builder

JANUARY 29, 2021

Fri, 01/29/2021 - 10:05. As we look at 2021, we expect rising mortgage rates to dampen the pace of activity in the next couple of months, as many buyers will be priced out,” Ratiu said. How Will Rising Mortgage Rates Affect Homebuying? cbroderick. 28, which is a four point drop from the previous week. Read More. . Financials.

Insurance 52

Insurance Finance Housing 52

Business Facilities

JANUARY 20, 2022

workers resigned during 2021 as part of "The Great Resignation.". Employee resignations are at an all-time high as nearly 40 million U.S. The post Pay, Burnout, Stalled Career Growth Driving The Great Resignation appeared first on Business Facilities Magazine.

Insurance 108

Insurance Finance Employment 108

Pro Builder

SEPTEMBER 8, 2021

Wed, 09/08/2021 - 09:29. Mortgage trusts, pensions, hedge funds, private-equity firms, investment banks and insurance companies all want so-called flip loans, drawn by yields in the range of 8% to 12% at a time when one-year Treasurys pay less than 0.1%. Everyone Wants in on Housing Flipping. cbroderick.

Housing 52

Housing Inventory Insurance Equity 52

Construction Test

MAY 19, 2020

This week coronavirus-related queries include ‘ rebooking policy, claiming money back on travel insurance and rights surrounding a ‘non-refundable’ deposit on a holiday lodge in Scotland. . The hotel says we can go in 2021 instead. What about my travel insurance — can I get money back? Can we change flights?

Travel 26

Travel Insurance Regulation Legal 26

Pro Builder

SEPTEMBER 16, 2021

Thu, 09/16/2021 - 10:41. Over time, this risk will increase insurance rates and make it harder to get mortgages. “We Only the wealthy can afford to live, for instance, in high-risk coastal areas, because everybody else can’t insure it and won’t be able to get a mortgage.”. cbroderick. But it’s not enough to keep him away.

Insurance 52

Insurance Miami Equity Renovating 52

Pro Builder

JANUARY 12, 2021

Tue, 01/12/2021 - 10:40. But even with the bonus cash, 43% of unemployment insurance income goes to rent, which is better than the 81.2% 3 Million Unemployed Renters Remain Burdened by Housing Costs. cbroderick. There are an estimated 3 million renters who remain unemployed from March that face intense housing cost burdens.

Housing 52

Housing Income Insurance Employment 52