Situation
A NY-based organization (acting as tax syndicator) with over 350 properties engaged us to review and modify the lender requirements and to ensure insurance compliance with the requirements from the various parties involved in a deal
732.395.4250
Situation
A NY-based organization (acting as tax syndicator) with over 350 properties engaged us to review and modify the lender requirements and to ensure insurance compliance with the requirements from the various parties involved in a deal
Topics: Claims Management, Real Estate, Real Estate & Development General Liability, Real Estate & Development Risk, Real Estate & Development Risk Management, Strategic Risk Management, Client Success, COI Compliance
The New Jersey Supreme Court recently reversed its position on coverage for construction defects, affirming the Appellate Division’s decision that consequential damages caused by a subcontractor’s faulty workmanship constituted “property damage” caused by an “occurrence” under the plain language of the developer’s Commercial General Liability (CGL) policy.
Topics: Claims Management, Commercial General Liability Coverage, Commercial General Liability Insurance Risk, Construction Project Risk, NJ Supreme Court Cypress Pointe v Adria Towers, Real Estate, Real Estate & Development General Liability, Real Estate & Development Risk Management, Risk management, Risk Management Blog
We manage more than a quarter billion dollars of premiums for a diverse range of clients around the globe.
Our areas of expertise include:
The ALS Group - New Jersey
379 Thornall St., 9th Floor
Edison, NJ 08837
Tel: +1.732.395.4250