Fundamentals of Commercial Insurance Issues and Problems

This webinar offers a comprehensive overview of commercial insurance focusing on commercial real estate lending and servicing. It will address property insurance (including flood, terrorism, and earthquake coverage); liability insurance (including commercial general liability), and loss of rent/business income. The session will address key challenges associated with each insurance type, particularly focusing on current trends and exceptions, and explore efficient strategies for lenders and servicers to mitigate these issues.

Participants can expect to gain a robust understanding of crucial commercial insurance topics, analyze and interpret various insurance definitions and documentation, and engage in discussions about common challenges, potential solutions and best practices.

Date/Time:

• Tuesday, January 27 (2:00 PM - 3:30 PM ET)

Objectives:

• Gain a thorough understanding of various commercial insurance types relevant to real estate lending and servicing, including Property Insurance (Flood, Terrorism, Earthquake), Liability Insurance (Commercial General Liability), and Loss of Rent/Business Income.
• Analyze the primary challenges associated with each insurance type, with further focus on current trends and exceptions, and explore effective strategies for lenders and servicers to address these issues.
• Learn essentials for analyzing and interpreting insurance definitions and documentation to better manage insurance requirements and coverage.
• Discuss common insurance-related problems and potential solutions, fostering a collaborative approach to resolving issues encountered in commercial real estate lending and servicing.

Target Audience: 

• Loan Closers and Underwriters
• Commercial Servicers
• Asset Managers
• Real Estate Insurance Attorneys

Speaker(s): 

• Laura Smith, Senior Managing Director, Head of Servicing, Resilience Insurance Analytics
• Laura Bosies, Director, GSE Team, Resilience Insurance Analytics