A new Vermont-based captive insurer is promising to provide insurance for New York affordable rental housing buildings at a time when advocates say coverage is difficult to afford or obtain. The Milford Street Association Captive Insurance Co. will be owned …
New York has issued guidance to commercial insurers that they are prohibited from inquiring about or making coverage decisions based on a property’s status as an affordable housing development or a tenant’s source of income. The guidance is in a …
(Reuters) – Hurricane Idalia is expected to increase insurance costs for Florida commercial real estate, particularly owners of apartments and other multifamily properties already grappling with soaring premiums driven by climate change, industry executives and analysts said. Idalia on Wednesday …
Shirley Howard’s feet splashed into nearly a foot of water when she stepped out of bed on a summer morning last July amid a torrential rainfall. A devastating flood swallowing up Kentucky’s Appalachian region had reached her bedroom in the …
