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Monthly Archives: November 2015

$55M in construction completed on Philadelphia telecom building

11/18/2015 | Construction Blog, Real Estate Blog

While new construction seems to be popping up all over the place, not all commercial developments involve constructing new buildings. In some cases developers spend large amounts of money redeveloping buildings already in existence. This is illustrated in the purchase of 401 N. Broad St., a year and a half ago by Netrality Properties, an affiliate of Amerimar Enterprises.

WHEN RENEWING YOUR INSURANCE POLICY IS NOT RENEWING YOUR INSURANCE POLICY

11/17/2015 | Construction Blog

Although regular risk assessments and re-evaluations of insurance coverage are generally a good idea, it’s not uncommon for construction companies to take the approach of renewing their existing insurance policy when it comes up for renewal. Some policies – particularly specialty policies – have renewal clauses in them that sophisticated companies should be aware of when renewing their insurance though. A recent decision by the Third Circuit Court of Appeals in Philadelphia sheds some light on this issue.