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News & Insights
Rising Construction Costs Impacting Insurance Rates
The recent surge in inflation across the economy has impacted the price builders must pay for various forms of insurance. Simply stated, rising costs mean potential claims are worth more, and insurance companies must charge more to assume this risk. From an insurance company’s standpoint, they need to anticipate far more contingencies than they would...
Increased Risks for Banks Lending to Commercial Real Estate Due to Empty Offices in the Wake of COVID-19
The COVID-19 pandemic, a public health crisis of unparalleled proportions, sent shockwaves through the world, disrupting every corner of the global economy. Few sectors, however, have borne the brunt of the fallout as significantly as commercial real estate (CRE). The swift pivot to remote work, mandated by public health imperatives, has triggered changes, compelling many...
ChatGPT / AI Could Be a Big Liability for Business Owners, Particularly in the Healthcare Industry
The advent of artificial intelligence (AI) has revolutionized various business sectors, including the healthcare industry. From diagnosing diseases and predicting treatment outcomes to providing efficient customer service through virtual assistants like OpenAI’s ChatGPT, the potential of AI in healthcare is enormous. This blog post explores these potential liabilities and considers possible strategies to address them....