This week CRIO, Inc. (“CRIO”) participated in Mortgage Bankers Association’s Commercial and Multifamily Real Estate Insurance Conclave, which was held on September 16th in Overland Park, Kansas. The audience included about 50 insurance professionals from commercial lending and loan […]
Cyber Liability Protection
Until relatively recently, it appeared that data breach “situations” were limited to the Health Care industry (in August, Community Health Systems revealed that it had experienced a theft of 4.5 million medical records, including social security numbers), retail industry (Home […]
New Florida Information Protection Act
A new Florida law – The Florida Information Protection Act (FIPA) – took an effect on July 1, 2014. The new law requires companies to take reasonable steps to protect and secure data containing personal information in electronic form. The […]
CRIO Group at AON Benfield MGA and Program Solutions Roundtable
CRIO Group presented at the annual two-day AON Benfield MGA and Program Solutions Roundtable that was held on May 6-7, 2014 in Chicago, IL. Event attracted nearly 100 best in class MGAs, strategic carriers and insurance executives that gathered to […]
Phase I Implementation of HFIAA
The NFIP continues to implement BW12 changes on pre-FIRM policies that will affect policyholders. On April 15, 2014, the NFIP released a bulletin confirming that Phase I Implementation of Homeowners Flood Insurance Affordability Act (“HFIAA”) will begin on May 1, […]
Premium Reduction Service Reduces Annual Flood Insurance Premiums by 75{b73b969d192d8eafaea0090998e86317c7e4c69160e33071b50feed6bdb2d318} for a Large Shopping Mall
A large commercial real estate company owned a retail plaza with one large building that consists of several units occupied by different stores. The building was insured with six different NFIP flood policies representing total premiums of $24,648 for this […]
Flood Zone Correction Increases Commercial Multifamily Property Value by $1.5M
A large real estate asset management and advisory company with 16 multifamily properties in its portfolio that standard flood zone determinations indicated to be within FEMA-designated Special Flood Hazard Areas (SFHA), which include flood zones beginning with letters A or […]
Premium Reduction Increases Multifamily Property Value By $2.4M
A large multifamily real estate company owned a large apartment complex with 29 buildings, where the NFIP flood insurance premiums were $222,434 for 29 flood insurance policies. The high cost of flood insurance resulted in the property operating with a […]