In his latest blogpost, SeaFire’s Dennis Kane discusses the impact of flood zone assessments. Excerpt: “While a dealership itself may not reside within a flood zone; sections of the parking lot where the auto inventory is parked may exist within a flood zone. When this situation arises many insurance companies are issuing flood exclusions and transferring the risks of loss to your balance sheet. Even if the insurance company is willing to accept the risk with a deductible the loss to the dealership in the event of flooding can be significant.” Read more.
New York, NY (September 10, 2012) – Preferred Concepts, a leading program underwriter and specialty broker, has completed a sale of select assets to CRC | Crump. This includes the firm’s former Atlanta operations. Preferred Brokerage remains a core business of Preferred Concepts. Read More.