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The Commercial Property Market Remains Hot, Making Now the Time to Understand Co-insurance

Posted by Bryan Stanwood on April 2, 2019

Many major urban areas feel like crane forests these days. In Chicago, 42 high rises are under construction,1 and in the San Francisco Bay Area, the largest construction projects collectively cost $22 billion, more than the gross domestic product of 80 countries.2 Central Seattle is home to 66 major construction projects, with 4.5 million square feet of office space slated to open this year.3

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Topics: P&C, Building Construction, insurance, Seattle, insurance agents

Unreinforced Masonry Buildings: A Hidden Danger

Posted by WSRB on July 23, 2014

Did you know that almost 1,000 buildings in Seattle are constructed of unreinforced masonry (URM)? At first glance this sounds like a large number of buildings and a random fact, but once we understand the seismic dangers of unreinforced masonry this statistic suddenly becomes pretty frightening.

About 929 buildings in the Pioneer Square neighborhood and all around Seattle are unreinforced, and only about 15% of those buildings have had the necessary seismic upgrades to make them earthquake safe. So what’s the big deal?

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Topics: Building Construction, GIS Mapping, Seattle, URM, Hazards

How Does Green Building Construction Affect You?

Posted by WSRB on April 26, 2012

 

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Topics: Insurance underwriting, loss cost, rating bureau, Building Construction, Seattle