It’s Spring, and right on schedule many areas face renewed risk of flood from snow melt and spring precipitation. Recent trends of more frequent, severe and unpredictable weather events can’t be denied, and smaller “nuisance” flood events are occurring coast to coast – creating a hefty financial impact on cities and their citizens.
Leases are a potential source of insurance problems. When they are lacking even a small clause, the client is left vulnerable to an allegation of responsibility or liability of a loss. Here is what you need to know about protecting clients' rights in leases.
Much of the nation's roads, bridges, dams, ports and other vital areas have surpassed their intended lifetimes, as seen in the February incident in Northern California. A well written insurance program is necessary to anticipate the disasters that are inevitable due to the deteriorated infrastructure.
This was largest mass fire casualty event since 2003 – a reminder of how infrequent and unusual events like these have become. Fire code enforcement and regular inspections may not be an everyday thought, but they make it possible for there to be an "every day" at all.