Damage from COVID-19 eludes property insurance coverage Christina Varga Published May 4, 2021
CHANSOM PANTIP/iStockPhoto / Getty Images
Insurance exists to cover some of the risk for commercial property owners, managers and tenants, yet most policy holders are finding that the insurance they do have does not cover them from damage caused by the COVID-19 pandemic.
Class-action lawsuits have been launched against insurers in Canada and abroad, mainly to seek business interruption payouts because of forced closings, which insurers maintain is not covered in most plans.
While observers wait for those cases to be resolved, those in the industry say that the sector has been operating in an increasingly difficult environment in the past several years. Those factors, more than COVID-19, are likely to affect insurance products and pricing available to commercial real estate companies, they say.
Nearly all El Paso County homes see property value increase
Nearly all El Paso County homes see property value increase
EL PASO COUNTY, Colo. (KRDO) While it might be difficult for people looking to buy a home, it s a great time to be a homeowner in El Paso County.
According to the El Paso County Assessor s Office, 98 percent of single-family residences increased in value between July of 2018 and June of 2020.
The Assessor s Office looked over 40,000 actual sales, as well as the cost and income for vacant land and commercial properties, to complete the 2021 reappraisal.
County Assessor Steve Schleiker said, the overall ‘average’ county-wide value increase is 15 percent to 20 percent, whereas it was 20 percent to 25 percent in 2019.
China: WeiyangX Fintech Review
Fintech Companies Will Face Listing Restrictions on the SSE STAR Market
On April 16
th, the China Securities Regulatory Commission (CSRC) published the revised edition of “STAR Market Property Evaluation Guidelines”. According to the amendments, Fintech companies will be classified as “restricted” category when it applies to be listing on the STAR Market, while real-estate firms and firms that engage primarily in finance and investment businesses will be prohibited from listing on the STAR Market.
On November 5
th, 2018, the Shanghai Stock Exchange STAR Market and the pilot registration-based IPO system were launched to support sci-tech and innovative enterprises that align with national strategies. In June 2019, at the opening ceremony of the 11th Lujiazui Forum, the SSE STAR Market made its official debut and the first group of 25 companies became listed for public trading the next month. (
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Rutherford County Assessor of Property Discusses New Short Term Rental Identification Law Apr 23, 2021 at 07:00 am by WGNS
Rutherford County, TN Rutherford County Assessor of Property Rob Mitchell’s Office recently received a directive from the State of Tennessee’s Division of Property Assessment regarding a new state law which requires assessors to identify all short term rental properties in their jurisdictions and to assess them to the specifications of the provision.
Tenn. Code Ann § 13-7-602 defines “short term rental unit” as “a residential dwelling that is rented wholly or partially for a fee for a period of less than thirty (30) continuous days and does not include a hotel as defined in § 68-14- 302 or a bed and breakfast establishment or a bed and breakfast homestay as those terms are defined in § 68-14-6502.”