March 6, 2024, Salt Lake City, UT. Rick J. Lindsey, President and CEO of Prime Insurance Company, is excited to announce a new partnership with Robert Feldman, CEO of WOWS Insurance Services. The collaboration will provide options and solutions for high-risk luxury homes and mid-level...
When it comes to mobile home park management, understanding the fine line between what is covered by insurance and what isn't is crucial. Familiar exclusions, such as damage from earthquakes, floods, wind, and more, highlight the vulnerabilities of mobile home parks. These exclusions not only...
Vacant properties can pose significant risks and challenges for property owners. From vandalism and theft to fire hazards and liability concerns, these risks can result in substantial financial losses. However, with the right strategies in place, property owners can mitigate these risks and ensure the...
In today's changing climate, weather-related risks pose significant threats to commercial properties. Coastal regions face hurricanes and floods, while inland areas contend with wildfires, severe storms, and earthquakes. These risks are further compounded by the fact that some insurance carriers are dropping out of the...
As an insurance agent, you know better than anyone that risk mitigation is a crucial part of protecting your clients' assets and livelihoods. Floods are one of the most common natural disasters that can cause severe property damage and financial losses. Unfortunately, many homeowners and...
Wildfires are devastating events that can cause significant damage to homes and communities. As an insurance producer, it's important to educate your clients on how they can mitigate their risk of wildfire damage. Here are 10 tips to help homeowners protect their homes from wildfires. Create...
The average number of acres burned by wildfires in the United States has been steadily increasing since the 1980s. In 1983, approximately 1.4 million acres of land were burned in wildfires. Jump forward to 2020 and that number had risen to more than 10.1 million acres.For homeowners...
The Florida property insurance market is in free fall, with legislators and insurers looking to enact reforms to keep it from totally hitting rock bottom. Insurers have gone belly up, withdrawn from the state to stop the red ink, or reevaluated their risk appetite to...
In the United States, commercial real estate vacancies alone are at 19%. This is an all-time high in most cases.In the wake of inflation, COVID-19, population restructuring thanks to work-from-home policies, changes in real estate needs, and rising rent costs, more properties are vacant than ever.Your clients...
Nine home insurance companies have entered liquidation in Florida alone over the past year, leaving homeowners to face unprecedented rates during the pandemic.Although Florida has received a lot of attention over the past year, the entire nation has faced more and costlier natural disasters over the past four...
