Insurance

Insurance

REALTORS® to Congress: Flood Insurance Rates Post Threat to Business, Homeownership

Flood insurance costs continue to put small businesses and homeownership at risk, but the National Association of Realtors® told U.S. Senators today that a range of solutions are on the horizon
AL BAXTER

AL BAXTER, MAINTENANCE PERSON OF THE YEAR

The United States Department of Agriculture Rural Development (USDA Rural Development) announced the winners of the National Multi-Family Housing Maintenance People of the Year for 2016. We are proud to announce Al Baxter, Maintenance Mentor at Willow Landing Apartments I & II, was one of two recipients of this award. This is the second year USDA Rural Development has given an award for Maintenance Person of the Year

Institute Testifies About Using Incentives to Reduce Cost of Disaster Response

The way to achieve resilience in U.S. communities is through an approach that incorporates input, consensus, leadership and action from a broad spectrum of stakeholders, ranging from insurance and finance-related companies, lenders and foundations; forward-thinking communities and government agencies; and important decision makers, including homeowners, businesses and utilities.

Architects Praise Introduction of National Mitigation Investment Act of 2016

Legislation will reduce disaster losses and save lives by shifting the federal focus to pre-disaster mitigation and resilient construction. The American Institute of Architects (AIA) today applauded Reps. Carlos Curbelo, R-Fla., and Albio Sires, D-N.J., for the introduction of bipartisan legislation to focus federal disaster policy on preventing losses.

Flood Insurance Legislation Promises Flexibility for Consumers

Property owners who opt to purchase flood insurance in the private market rather than through the National Flood Insurance Program may do so under current rules, but they risk paying higher rates if they return to the NFIP. H.R. 2901, the "Flood Insurance Market Parity and Modernization Act," passed the U.S. House of Representatives today by a vote of 419-0 and seeks to alleviate that concern

Freedom Mortgage Corporation Agrees to Pay $113 Million to Resolve Alleged False Claims Act...

Freedom Mortgage Corporation has agreed to pay the United States $113 million to resolve allegations that it violated the False Claims Act by knowingly originating and underwriting single family mortgage loans insured by the U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) that did not meet applicable requirements for the FHA insurance program, the Justice Department announced today.  Freedom Mortgage Corporation is headquartered in Mt. Laurel, New Jersey.

NAMB Applauds Congressional Flood Insurance Initiative

NAMB—The Association of Mortgage Professionals has commended the House Financial Services Committee for taking up HR 2901, the Flood Insurance Market Parity and Modernization Act of 2015

National Apartment Association Reaches All 535 Congressional Offices With Strong Message: Lawmakers Must Address...

Members of the National Apartment Association (NAA) and nearly 170 affiliated associations this week turned out for their largest ever advocacy campaign, both on Capitol Hill and in congressional districts from coast to coast. Telling lawmakers that apartments work, industry members emphasized that lawmakers must enact public policies that promote rather than obstruct the industry’s ability to provide housing and jobs.

United States Resolves Civil Suit Against Westbury-Based Mortgage Lender

Robert L. Capers, United States Attorney for the Eastern District of New York, David A. Montoya, Inspector General for the Department of Housing and Urban Development, and Frederick W. Gibson, Acting Inspector General for the Federal Deposit Insurance Corporation today announced the settlement of claims against Continental Mortgage Bankers d/b/a Financial Equities and its president, Walter Stashin, in United States v. Rainy Day Holdings, LLC. et al., Civil Action No. CV-15-5576. The case is pending in federal court in Central Islip before United States District Judge Joseph F. Bianco.

FHA Cuts Multifamily Insurance Rates for Affordable and Energy-Efficient Housing

January 28, HUD announced that the Federal Housing Administration (FHA) will reduce its multifamily insurance rates to stimulate the production and rehabilitation of affordable rental housing. These rate reductions, effective April 1, will apply to the FHA-HFA Risk-Sharing program and other FHA multifamily housing programs that help finance properties housing low-income families and developments installing energy-efficient systems or building within federal energy guidelines.

New Vision Insurance and Telemedicine Program Available to Realtors

National Association of Realtors® members now have access to two new offerings through the Realtors® Insurance Marketplace; members now have access to Realtors® Vision Insurance plans and Members TeleHealth, a telemedicine service plan

HSI Special Agent rescues building occupants from pending fire

U.S. Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations (HSI) San Juan Special Agent Jeremiah Gonzalez passes the Universal Insurance Company building in Caguas, Puerto Rico every day.

5 Tips for Relocating Your Small Business

Whether your company is expanding or you’re nearing the end of your lease, relocating can be a lot of work on a business. Once you’ve found the new location for your office space, you must diligently come up with a plan of action for the day of the move. While you may not have thought of planning for the move, it is imperative to saving your business time and money.

Gillibrand and Rice’s Bipartisan Legislation Would Increase Transparency & Accountability to Improve How FEMA...

After Superstorm Sandy victims faced an extensive, burdensome and fraud-ridden flood insurance claims process, U.S. Senator Kirsten Gillibrand and U.S. Representative Kathleen rice today announced their push for new bipartisan legislation to require more transparency and accountability from the Federal Emergency Management Agency (FEMA) so that home and property owners who carry flood insurance policies are better protected in the event of another storm.

Commissioner Donelon Reminds Policyholders of Approaching Deadline to Claim Property Insurance Rebate

Insurance Commissioner Jim Donelon reports ongoing progress in the shift of policies to the private market from the state’s insurer of last resort, Louisiana Citizens Property Insurance Corporation (Citizens). At the same time, he is also reminding property insurance policyholders that the deadline to claim a rebate for the Citizens Assessment charged on their 2011 insurance policies is December 31, 2015. Nearly $34 million, or 52 percent, of the refundable assessments available for 2011 remains unclaimed.

Business Real Estate Press Releases

7-Eleven Property

The Boulder Group Arranges Sale of Net Lease 7-Eleven Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased 7-Eleven property located at 1516 NE Killingsworth Street in Portland, Oregon for $2,290,000

Recent Gov & Nonprofit Real Estate Press Releases

AGC

CONSTRUCTION EMPLOYMENT RISES IN 38 STATES AND D.C. FROM MARCH 2017...

Thirty-eight states and the District of Columbia added construction jobs between March 2017 and March 2018, while 29 states added construction jobs between February and March, according to an analysis by the Associated General Contractors of America of Labor Department data released today.