According to Matthew Lerner, https:// www.businessinsurance.com, property and casualty lines of insurance are seeing rate increases from 5% to 30% depending on loss history. In addition, there is tighter underwriter scrutiny and programs that were previously available cease to exist. American International Group (AIG) found its adjusted net income more than halved in the second […]
As we continue to tackle the serious situations caused by COVID-19, there is good news and there is bad news. The good news is that the vaccine now exists. It may take a while for distribution to take place in an effective manner, but at least we know the vaccine is here. The bad news […]
There has been a lot of focus lately on how to manage environmental liabilities if a dry cleaner wants to sell their property. Clearly, it’s important to strategically manage these issues to maximize the value of the transaction. I have also heard, however, of several dry cleaners talking about leasing their building instead of selling […]
