Three Regulatory Trends That May Impact Your Coverage Understanding current regulatory trends is key to ensuring your portfolios and insurance strategy remain compliant while meeting your borrowers’ needs. However, the myriad regulations and requirements involving property insurance are evolving so quickly that it can be difficult to keep up. Ignoring this changing landscape is…
Famed science fiction author Arthur C. Clarke once wrote that while humans can show mercy, “against the laws of nature, there is no appeal.” Recently, we’ve all learned how very true that is.
There’s no doubt that natural disasters in the U.S. are increasing in number and scope, and it’s having a particular impact on how mortgage companies treat their portfolios. When thinking about protecting your portfolios from the impacts of natural disasters, here are three things to keep in mind.
There’s no doubt, natural disasters and severe weather events are on the rise in the U.S.—and the impacts have been devastating.
In 2020 alone, there was a record 22 individual disasters that each caused more than $1 billion in damages, according to the National Oceanic and Atmospheric Administration. Disasters have hit everywhere, too—from wildfires in the West, to floods in the Midwest, to cyclones and hurricanes in the East and Southeast.
Who Is Your Insurance All-Star Team? The only thing worse than encountering a major business challenge is not knowing anyone who can help you overcome it. At IL Group, we rarely have that problem. That’s because we’re fortunate to have a dynamic team of experts with a wide range of skills, expertise and ingenuity—traits that they…
Top 3 Benefits of Using an Insurance Broker When it comes to insurance, lenders have plenty of options. In fact, almost too many. We often hear of lenders that stick with the same carriers and policies year after year because they figure it’s easier than finding a new provider. This strategy has drawbacks, though,…
Benjamin Franklin called taxes one of life’s two certainties. But taxes are so inevitable that it can be easy to forget about them. That’s especially true when it comes to property tax payments, which too often strain a lender’s time and staff resources.
Of course, there are many companies offering to help lenders monitor property taxes or help pay them on behalf of their borrowers. The only problem is these providers are not all created equal.