Condo HOA/Q&A: Risky Business--How Will New Insurance Regulations Affect You After the Surfside Collapse?

  • Register
    • Non-member - Free!
    • CAI Homeowner Leader Member - Free!
    • CAI Manager Member - Free!
    • CAI Student Member - Free!
    • CAI Management Company Member - Free!
    • CAI Business Partner Member - Free!
    • CAI Affiliate Business Partner Member - Free!
    • Non-Member Homeowner Leader - Free!
    • Non-Member Manager - Free!
    • Non-Member Management Company - Free!
    • Non-Member Business Partner - Free!
Duration: 1 HR 30 MIN

It may sound odd, but the Surfside collapse was not a matter of insurance. Did you know that collapse is a policy exclusion? Insurance experts have speculated that the carriers involved in the Surfside tragedy paid policy limits to the HOA to avoid negative publicity. If insurance wasn’t the real issue, what was?

Changes to best practices and insurance regulations will ultimately emerge from the aftermath of this event. But how should an HOA identify and truly manage their risk? You will learn about:

Insurance Policies--What should you be focusing on to best manage your risk?

Reserve Studies and Structural Engineering Reports provide different information. Does every association need both?

What about the Midwest? We don't have oceans or hurricanes to worry about. Aren't events caused by wind, hail or ice damming the same?

Our expert panel will present live, and answer questions from the live chat. 

Panelists:
Nancy Ayers, CPCU, CIC, Alliant Americas

Kathy Kahl, CIRMS, EBP, Rosenthal Brothers Insurance

Nancy Ayers

Alliant Insurance

Nancy Ayers manages the Residential Risk Management Practice at  Alliant/Mesirow Insurance  She specializes in designing customized programs for building owners and property management companies.  She is a member of the Broker Advisory Council for Affiliated FM/FM Global Insurance and former board member of the Council of Insurance Agents and Brokers in Washington DC.DC.

Kathy Kahl

Rosenthal Brothers Insurance

Kathy began working in the insurance industry in 1989 while earning her Bachelor of Sciences degree in Marketing from the University of Illinois at Chicago. 

She began her insurance career selling and servicing personal insurance and shortly after college graduation in 1993, became manager of a Personal Lines Department for a downtown Chicago agency where she received her introduction to commercial insurance.  She became especially interested in the area of community association insurance.  She realized that working with property managers, board members, and homeowners was similar to the goals she set for herself in working with her home and auto insurance clients.  Her goals being to create a long term relationship with the client through open communication, education, service, and to earn the position as their trusted insurance advisor.  Working with community associations quickly became the focus of her career and passion.

Kathy demonstrates her commitment to the advancement of community associations as well as her professional development by being a member of CAI, earning both the CIRMS (Community Insurance and Risk Management Specialist) and Educated Business Partner credentials from CAI, she volunteers on the CAI Magazine, Membership, and Homeowner Leader Education committees and is also a member of ACTHA (Association of Condominium, Townhouse, and Homeowners Associations).  Kathy is also involved with other industry related groups and committees.  

Community Associations Institute - Illinois Chapter would like to thank the program sponsors for their generous support

image


image

Key:

Complete
Failed
Available
Locked
Step 1: Complete the Pre-Program Survey
3 Questions
3 Questions We appreciate your feedback
Step 2: Condo/HOA Q&A
10/14/2021 at 1:00 PM (CDT)   |  90 minutes
10/14/2021 at 1:00 PM (CDT)   |  90 minutes It may sound odd, but the Surfside collapse was not a matter of insurance. Did you know that collapse is a policy exclusion? Insurance experts have speculated that the carriers involved in the Surfside tragedy paid policy limits to the HOA to avoid negative publicity. If insurance wasn’t the real issue, what was? Changes to best practices and insurance regulations will ultimately emerge from the aftermath of this event. But how should an HOA identify and truly manage their risk? You will learn about: o Insurance Policies-What should you be focusing on to best manage your risk? o Reserve Studies and Structural Engineering Reports provide very different information. Does every association need both? o What about the Midwest? We don’t have oceans or hurricanes to worry about. Aren’t events caused by wind, hail or ice damming the same?
Step 3: Complete the Feedback Survey
7 Questions
7 Questions Please complete this survey to help us improve our program offerings.