Elevation plays a critical role in determining flood insurance rates. A couple of feet, a few documentation errors or significant omissions can make a considerable difference in the amount property owners pay for coverage or measures implemented to mitigate flood damage. In Bergen County, New Jersey, FEMA is in the midst of updating the area’s […]
FEMA creates and uses flood maps to identify a community’s flood risk. The maps are based on the collection of statistical data (flow, storm tides, hydrologic/hydraulic analyses, rainfall and topographic surveys) that many contend is outdated and inaccurate in the determination of a property’s actual flood risk. And that leads to property owners being ill-prepared […]
Six years ago, the global economic crisis hit the luxury hotel and resort industry hard, like a ton of 14 carat bricks. Even the most resilient of destinations and properties were not immune to the fallout and many owners, operators and their agents sought proactive measures to protect the brand, status and investment value during […]