The link between insurance and mortgages
Insuring to value is a fundamental principle in insurance that ensures your policy will adequately protect your assets and financial investment.
Insurance is that safety net to help condominium associations and homeowners rebuild after a loss or a nat...
Understanding the Insurance Market
Commercial property trends
Have you seen your association’s latest insurance renewal?
Chances are, your insurance program has seen significant premium increases in recent years. If you ask your insurance agent the reason why, the response you will likely receive is due to the “hard insur...
Heavy Equipment Safety Check
Good safety practices protect a project’s most valuable assets— its workers.
Kevin Crawford, an Atlas Insurance Agency risk consultant, says a reduction in frequency and severity of work comp claims can also correlate to lower insurance premiums—a good idea now that a key factor in determ...
Controlling Risks and Eliminating Hazards
The battle to lower insurance premiums and deductibles
On any given evening, board members of AOAOs, AOUOs and HOAs gather in conference rooms, community centers and coffee shops around the Islands for their annual budget meetings. Everyone is feeling frustrated, helpless and a bit overwhelmed beca...
5 Steps to Handling a Water Damage Claim
Claims are usually covered by your property insurance. Here’s how to start the process – and prepare before accidents happen.
As commercial and residential buildings in Hawai‘i age, building owners and managers increasingly see incidence of water damage. When multiple tenants are involv...
Why Social Inflation Has Insurers Worried
It’s a major contributor to the hard insurance market
Social inflation is one of the latest buzz terms in the insurance industry, and it has insurers worried.
As an insurance consumer, maybe you should be worried, too.
Social inflation describes the phenomenon of rising insurance claim ...
Building Collapse: Does Insurance Cover It?
In the aftermath of the Florida tragedy, many associations are checking their policies
The tragic collapse of the Champlain Towers South in Florida has caused many condo associations to ask whether their policies would provide coverage in the event of this type of event.
Let’s take a close...
Creating an Emergency Action Plan
With natural disasters increasing, it’s crucial to have
a response plan in place
As many of us learned last year, it’s never been more critical to be prepared. The arrival of COVID-19 in the United States has exposed the inadequacies of many systems and processes, which include response pl...
Why Fire Safety Knowledge is Crucial
Managers are responsible for fire education and prevention, and staff training
Fire education, fire-prevention plan and fire training continue to be essential as these threats are heightened by climate changes, aging structures and unforeseen human behaviors. Fires can bring about property damage, ...