This has been a unique time for lumber, however. Call it a perfect storm, as the expression goes, between initial COVID-19 shutdowns, labor shortages, increased renovation and building demand, and tariffs.
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There are multiple reasons to establish proper Insurance-to-Value for each risk and across the carrier’s entire book. It is as important for commercial insurance as for residential property insurance.
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One segment of industrial warehouse space—cold storage warehouses—continues to grow, driven by several trends.
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San Francisco replaced New York as the most expensive city worldwide for commercial construction in a survey of 2019 costs.
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HazardHub, the nation’s fastest-growing supplier of geospatial risk data, is pleased to announce the introduction of Home Replacement Cost estimates from our award-winning API.
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The commercial and institutional construction market is expected to continue to be busy in 2019, but the profits and size of jobs are not generally anticipated to increase over last year.
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Skyscrapers are the iconic structure of cities. Besides new, record-setting ones, other changes worthy of note: Super skinny high rises, innovative designs that incorporate curves and green spaces, an elevator system in development that would move its cars vertically and horizontally, and the continuing use of mass timber in high rises.
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While the number of hail storms and the number of claims vary year to year, from 2014-2016 the cost of the claims has been increasing.
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