Continue reading Prepare for deep waters UPDATE.
Recently in Real Estate Bulletin Category
Recently, there has been a lot of press about the challenges that some firms have faced in renewing their professional indemnity (PI) programmes this year.
It is widely accepted that the recent experience of cumulative premium/rate reductions are not sustainable in the long term, and this is particularly true with the real estate sector, as a result of the downturn in the UK property market which has lead to an increase in claims and notifications in this area.
It is widely accepted that the recent experience of cumulative premium/rate reductions are not sustainable in the long term, and this is particularly true with the real estate sector, as a result of the downturn in the UK property market which has lead to an increase in claims and notifications in this area.
Given the current economic climate and the potential for a greater number of properties being left empty together with a rising crime rate, insurers are looking more closely at the underwriting terms they apply in respect of vacant and void properties.
As a result, voids and other empty properties require additional risk management and the real estate team at JLT have prepared this guidance for our clients, their managers and tenants.
As a result, voids and other empty properties require additional risk management and the real estate team at JLT have prepared this guidance for our clients, their managers and tenants.
Continue reading Management of Unoccupied Properties.
Following on from the recent Judgment handed down in the Employers Liability "Trigger" Litigation we attach our Technical & Legal Bulletin .
The bulletin explains the ruling by Mr Justice Burtons ruling, maintaining the status quo that insurers are on risk at the time of exposure to asbestos fibres and are
liable to provide an indemnity to their insured even though mesothelioma does not develop until a number of years later.
Continue reading Employers Liability "Trigger" Litigation - Technical & Legal Bulletin.
JLTs recent bulletin outline below how JLT expect the insurance market to react in 2009, with the backdrop of global economic downturn.
Continue reading Risk & Reward - An overview of the real estate insurance market in 2009.
