|By Marketwired .||
|August 14, 2014 05:30 PM EDT||
BOSTON, MA -- (Marketwired) -- 08/14/14 -- You buy a property and the lender imposes heavy insurance requirements on you. That's ok, they care as much about the property as we do, you think. You have visions of using all those good claim proceeds to restore the property to its prior glory after a loss.
But, can the lender take the claim funds, pay off the loan and walk away. Unfortunately, YES. The problem is in the "Casualty & Condemnation" section of the loan agreement.
See http://licatarisk.com/cms/risk-management-news-and-reports for a free copy of the article.
© Licata Risk & Insurance Advisors, Inc., 2014
About Licata Risk Advisors
Licata Risk is not an insurance company or a broker, and does not sell insurance. This is an important distinction. There is no conflict of interest. We work with mid-market companies up to $800 million in revenue. These services are available: Risk Assessment, Risk Audit, RFP & Competitive Bid Process Ongoing Risk Management.
The company is headquartered at 137 South Street, Floor 2, Boston, MA 02111-2838. Visit www.LicataRisk.com or call 617-451-2140, x312.
With all the incredible momentum behind the Internet of Things (IoT) industry, it is easy to forget that not a single CEO wakes up and wonders if “my IoT is broken.” What they wonder is if they are making the right decisions to do all they can to increase revenue, decrease costs, and improve customer experience – effectively the same challenges they have always had in growing their business. The exciting thing about the IoT industry is now these decisions can be better, faster, and smarter. Now ...
Jan. 18, 2017 01:30 AM EST Reads: 4,190
WebRTC is about the data channel as much as about video and audio conferencing. However, basically all commercial WebRTC applications have been built with a focus on audio and video. The handling of “data” has been limited to text chat and file download – all other data sharing seems to end with screensharing. What is holding back a more intensive use of peer-to-peer data? In her session at @ThingsExpo, Dr Silvia Pfeiffer, WebRTC Applications Team Lead at National ICT Australia, looked at differ...
Jan. 18, 2017 01:15 AM EST Reads: 4,858
Jan. 18, 2017 01:00 AM EST Reads: 2,003
Jan. 18, 2017 01:00 AM EST Reads: 6,041
Jan. 18, 2017 12:45 AM EST Reads: 6,238
Jan. 18, 2017 12:45 AM EST Reads: 5,938
Jan. 18, 2017 12:30 AM EST Reads: 2,774
Jan. 18, 2017 12:00 AM EST Reads: 7,728
Jan. 18, 2017 12:00 AM EST Reads: 2,253
Jan. 17, 2017 11:30 PM EST Reads: 4,310
Jan. 17, 2017 11:15 PM EST Reads: 4,887
Jan. 17, 2017 11:00 PM EST Reads: 534
Jan. 17, 2017 10:30 PM EST Reads: 2,341
Jan. 17, 2017 10:30 PM EST Reads: 696
Jan. 17, 2017 09:30 PM EST Reads: 1,771