By Lucia Maffei – Reporter, Boston Business Journal AI Insurtech Startup Quandri to Open Boston Office, Expanding U.S. Presence Quandri, a British Columbia-based insurtech company using AI to streamline insurance agency operations, plans to open a Boston office to expand its presence in North America. Founded in 2021 by brothers Jackson and Jamieson Fregeau, the company’s platform […]
By Kriston Capps Developers of apartment buildings across the US are raising alarms as property insurance rates continue to rise, a trend that threatens to seal off the pipeline for much-needed housing construction — especially new apartments with affordable units. Premiums and deductibles for policies required by mortgage lenders have shot up two- to three-fold over […]
Changes in carrier decisions also play a part in a new flood insurance scene By Erik Sherman | Via globest.com A satellite image shows TD Bank Ballpark submerged in flood, after Hurricane Ida swept through the Bridgewater Township in New Jersey, September 2, 2021. Maxar Technologies | Handout via Reuters. Flooding is an ugly and […]
While the broad standards for business loans have remained unchanged, loan officers at U.S. banks reported tightening lending standards on commercial real estate loans and a weaker demand for both types. According to a quarterly survey conducted by the Federal Reserve, banks reported stricter standards for construction and land development loans as well as loans […]
