2005 Aug
2005 Aug Vol. 25, No. 8
Focus on...Insurance
Back to Brooklyn
It’s an oft-repeated fact that if the borough of Brooklyn were still independent, it would be one of the biggest cities in the nation. According to the Brooklyn Economic Development Corporation, in 2000, the U.S. decennial census counted Brooklyn’s population at 2,465,326, making it New York City’s most populous borough. If considered an independent city, the borough would rank as the fourth largest in the United States after the rest of New York City, Los Angeles, and Chicago. Read More
Limiting D&O Exposure
It’s important for cooperative corporations to have enough insurance to cover any unexpected problems that may arise, and one of the most crucial policies in any corporation’s insurance portfolio is directors and officers insurance, more commonly known as “D&O.” While a general insurance policy protects damage to property, D&O insurance is designed to protect individual board members from having to pay out-of-pocket for damages awarded in lawsuits against the board. Read More
Specialty Insurance
When it comes to insuring a co-op or condominium community, a belt-and-suspenders philosophy could prove the safest – and perhaps, most advantageous – choice. Getting that extra coverage means going beyond the basics of property and liability insurance and venturing into the realm of specialty coverage. Read More
