About the course

4. The Impact of Reserve Studies on Insurance Premiums – The community association industry has only recently begun to connect the dots on maintenance and reserve studies. The next step is connecting the dots between maintenance and insurance risk. This practice is evolving triggered by the collapse of the Champlain Towers South in June 2021. This presentation by an insurance claims expert examines this opaque process. • Evaluation of risk based on maintenance levels • Better evaluation of underwriting risk based on maintenance analyses

Tim Molony

Mr. Molony is a Director of Business Development at BSC Forensic Services, LLC and BSC Fire Services, LLC. He focuses on branding and name recognition of the BSC Companies nationwide. With a background in property insurance, he also facilitates appraisals and serves as an umpire, providing impartial expertise. Previously, he founded Nomad Adjusting LLC, serving as President and specializing in commercial and residential properties. He managed contracts, acted as a primary vendor contact, and served as a Carrier Representative for multiple insurance companies. Prior roles include Catastrophe Operations Administration Manager for Citizens Property Insurance Corporation, where he managed cleanup efforts for hurricanes and oversaw thousands of independent adjusters. He also worked with various insurance companies as an Independent Adjuster, Field Underwriter, and Trainer, contributing to policy improvements and efficiency enhancements.

Curriculum

1 Chapter · 1 Lesson

  1. 1

    Reserve Studies and Insurance

    1. (Included in full purchase)

      Reserve Studies and Insurance

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