Search CompleteMarkets

...plex coming up in East Texas. 12 Buildings+ Clubhouse. Each Building is 3 story with 12 units each. Insured plans to release one building every fortnight for occupancy. They ... and are 70% leased for the first 3 buildings. Construction traffic has separate entrance. A Moving fence is installed to separate con...

...ou read that right! Facebook is building its own apartment complex so that em...wsfeed.time.com/2013/10/04/facebook-building-its-own-apartment-complex-so-empl...

Leading retail brokerage firm with a strong history of financial success is seeking a Personal Lines Producer to add to their existing sales team. The appropriate candidate will have a successful track record of generating revenue by producing personal lines products in the Tri-State Region. Strong knowledge and background selling and marketing personal lines products including High Net Worth/VIP accounts. This position requires a strong sense of ethics and integrity, computer skills and ability to work effectively in a team environment. New business sales supported by a strong, well structured and professional servicing team. College degree preferred. P&C License required. Compensation package will be structured depending upon experience level, which would include base/draw including commissions on new and renewal business, full benefits package. Producers with books of business to move strongly considered and compensation plan will be established accordingly. Candidates within the Tri-State Region will be considered. Please submit resumes to Cat Oliveira, Recruitment Specialist at [email protected] or call 732-247-5656.

...o not have insurance because the building they were in before was being sublea...ospect has now moved into their own building .

Hello Peers We currently write a High Value Homeowner in TX with Chubb. They are undergoing a 120 day renovation project, the contract for which includes a mutual waiver of subrogation clause. Chubb requested the contract when we asked for improvements to be added to the policy, and now they want OFF the policy altogether, because of the WOS Clause. Contractor said that this standard verbiage in all their contracts and this is the first time this issue came up. Other Carriers will not accept the risk while renovation is going on. Any advise on how to handle this? Veronica Ventura

It seems an increasing number of carriers have resorted to hyper-inflating their residential Replacement Cost calculations as a means of generating increased premium revenue, and policyholders are outraged! Is this problem unique to Illinois or are agents in other states having similar experiences? When 3-4 bedroom tract homes that sold for $250,000 before the collapse of real estate prices generate RC estimates well in excess of $700,000 - more than double their current market value - there's a credibility problem! Is the Homeowners industry trying in one fell swoop to overcome the under-insurance issue that was a popular topic a couple years ago? Probably not, but it's time to re-examine the accuracy of widely used replacement cost algorithms.