CORPORATE OFFICE 126 Business Park Drive, Bldg 2 Utica, New York 13502 800.382.2468 Outside U.S. (315) 797.3035 FAX: (315) 272.2054 Editor@AdjustingToday.com Follow Adjusting Today on Facebook & Twitter: Facebook.com/AdjustersInternational Twitter.com/AdjustingToday ADJUSTING TODAY® is published as a public service by Adjusters International, Ltd. It is provided for general information and is not intended to replace professional insurance, legal or financial advice for specific cases. ADJUSTINGTODAY® Adjust ingToday. com View our entire catalog of back issues, download PDF versions, subscribe and contact the editor. WEB ADDRESSES AdjustersInternational.com AdjustingToday.com PUBLISHER Stephen T. Surace, CPA, CFF, MBA EDITOR Sheila E. Salvatore AT22 3058 Mr. Harrington is an independent insurance writer and communications specialist. He served for over 20 years as communications director for the American Association of Insurance Services (AAIS). His work has been published in Best’s Review, Rough Notes, publications of The Institutes, and elsewhere. Joseph S. Harrington, CPCU ABOUT THE AUTHOR Adjusting Today Basis for Institutes CE Courses The Institutes, the leader in providing knowledge solutions for risk management and the property/casualty insurance industry, offers continuing education courses based on technical information compiled from issues of Adjusting Today. The courses —“Valuing a Property Insurance Claim” and “Natural Disasters: Coverage Issues”— include seven modules each and are approved for credit by insurance departments in most states. They are offered to property insurance producers, adjusters or both, depending on the state, for up to three continuing education credit hours per course. More information is available at CEU.com. Copyright © 2022 Adjusters International. All Rights Reserved. None of us is perfect, and for that reason virtually every enterprise carries general liability insurance (except, perhaps, home-based sole proprietorships). We can all be negligent at times and repeated disasters increase the chances that our negligence could result in a loss to someone during a time of general distress. Insure accordingly. ____________________ 1 TimWang and Julia Lamont, “Surging Construction Costs: Implications for Commercial Real Estate, Fall 2021, p. 1; accessed at https://www.franklintempleton.com/articles/clarion-partners/surgingconstruction-costs-implications-for-commercial-real-estate. 2Anna H. Olsen and Keith A. Porter, “What We Know about Demand Surge: Brief Summary,” Natural Hazards Review, American Society of Civil Engineers, May 2011; accessed at https://ascelibrary.org/ doi/abs/10.1061/%28ASCE%29NH.1527-6996.0000028. 3CoreLogic, “2019 Insurance Coverage Adequacy Report: The Effects of Underinsurance to the Property Ecosystem,” accessed at https://www.corelogic.com/wp-content/uploads/sites/4/ downloadable-docs/2019-insurance-coverage-adequacy-report-0419-06-screen.pdf. …public sentiment does not pay the bills for people who have suffered losses that are not fully insured on their own…
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