E&S/Specialty

Underwriting and risk engineering experts give tips for insuring and securing vacant property, and also provide the insurance and risk definitions of vacant and idle properties.

With stimulus dollars drying up, one area of ongoing opportunity in the builders risk line is in renovation and expansion work, both on the commercial and residential side.

Underwriting and risk engineering experts give tips for insuring and securing vacant property, and also provide the insurance and risk definitions of vacant and idle properties.

Copper thieves have fueled a huge spike in claims for insurers of vacant and idle properties, but increased loss potential has not deterred competition in the residential and commercial property markets, experts say.

With stimulus dollars drying up, one area of ongoing opportunity in the builders risk line is in renovation and expansion work, both on the commercial and residential side.

With a still-shaky economy limiting donations to social-service organizations, many of these groups are being forced to radically reduce spending or to branch out into new and untested revenue-raising watersa move which can pose unexpected and even catastrophic risks.