The market value side of the equation was no less controversial. Mount Vernon retained Lauer, Jersa & Associates, who valued the building at $900,000. Chippewa Loft submitted a report from the Greater St. Louis Appraisal, which appraised the entire property at $2,925,000 – but with an appraisal date of April 2022, nearly six months after…
The case arose from the death of Lorna McMurray, a worker at a cannabis production facility in Holyoke, Massachusetts. McMurray worked in the pre-roll production room, where grinding machines broke hemp flower into smaller pieces for pre-roll production. The process produced large amounts of cannabis dust into the air, and workers were often covered from…
On underwriting and pricing, the challenge is how quickly models can accommodate the continued increase in distraction and aggression when traditional rating variables cannot fully capture behavioral risk. At product design, carriers are considering where to place incentives for safe driving without adding undue complexity or alienating price-sensitive buyers. On claims and litigation, the growing…
humanizing technology risk Despite widespread awareness of cyber threats, many consumers do not realize that personal cyber insurance exists. “Most people have heard the term ‘cyber insurance,’ but they associate it with businesses,” he said. “Understanding that coverage is available to individuals is often a real challenge.” Part of the difficulty lies in the technical…
Non-season water loss is quietly eroding profitability for American property insurers, with one in 60 insured homes filing a water damage or freezing claim each year and the average loss rising along with the cost of labor and materials. As aging housing stock, infrastructure stress and extreme temperature fluctuations expose greater vulnerabilities, traditional risk controls…
