insurance: Banks Have Trouble Insuring Foreclosed Vacant Commercial Properties
- 12/14/09 01:40 AM
One of the toughest properties for banks to find coverage on these days is vacant foreclosed commercial properties, which have grown in numbers over the last several months and promises to continue to be a problem for the upcoming year. As the Senior Financial Institutions Underwriter for All Risks, Ltd. I see this day in and day out. A bank has a package policy that has been allowing them to insure their foreclosed properties and now all of a sudden they submit a commercial vacant property and their current policy declines it. This leaves the bank scrambling for coverage and … (2 comments)
insurance: It is good to be back
- 04/30/09 01:24 PM
After a brief leave of abscense here on AR, it is good to be back. In August of last year I was asked by my then employer to stop blogging, as is common with many fortune 50 size companies. I have taken a different direction with my career and have been presented an opportunity to enter into an entirely different sector of the market. I am proud to announce my recent appointment as Underwriter of Financial Institutions in the National Specialty Programs unit of All Risks, LTD. All Risks, Ltd. was formed as an excess and surplus lines facility in 1964 in Baltimore, Maryland. … (0 comments)
One of the toughest properties for banks to find coverage on these days is vacant foreclosed commercial properties, which have grown in numbers over the last several months and promises to continue to be a problem for the upcoming year. 
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