New Empire Group Blog


Friday the 13th is considered the unluckiest day of the year.  It is hard to pinpoint exactly when and where this fear originally began but we do know it has been around since the beginning of the 20th century.  Here are a few interesting facts about Friday the 13th!

  1. The fear of Friday the 13th is called, “friggatriskaidekaphobia” – “Frigga” was the name of the Norse goddess for whom ‘Friday’ is named and “triskaidekaphobia” meaning the fear of the number 13 (also known as “paraskavedekatriaphobia”).
  2. A theory, recently proclaimed as historical fact in the novel, The Da Vinci Code, is that on Friday, Oct. 13, 1307, officers of King Philip IV of France raided hundreds of homes of the Knights Templar, imprisoning them on charges of illegal activities. Though the charges weren’t proven, more than a hundred died from terrible torture.
  3. For a month to have a Friday the 13th, the month must begin on a Sunday.
  4. It was on October 13, 1989 (a Friday) that the US stock exchange suffered one of its most major crashes. The day has since then gone down in history as ‘Black Friday’.
  5. The Alfred Hitchcock Connection – This genius filmmaker has made some of the best suspense films in the history of Hollywood — And it just so happens he was born on August 13, 1899, which was a Friday!
  6. Every year has at least one and at most three Friday the 13ths.
  7. The longest period that can occur without a Friday the 13th is fourteen months.
  8. “Based on records of buildings with Otis brand elevators, as many as 85% of the high risers in the world do not have a 13th floor” – Dilip Rangnekar, Otis Elevator Company
  9. In Spanish-speaking countries, instead of Friday, Tuesday the 13th, also called martes trece is considered a day of bad luck.
  10. In Italian pop-culture, Friday the 17th is considered a day of bad luck.
  11. Pagans actually find 13 a lucky number because it parallels the number of full moons in a year.
  12. According to findings from the Stress Management Center and Phobia Institute in North Carolina, it is estimated that 17 to 21 million people in the US are affected by the fear of Friday the 13th (making it the most feared day in history).
  13. According to the British Medical Journal there is a significant increase in traffic-related accidents when the date is Friday the 13th.

We hope you found these facts interesting!  Happy Friday!

Sources: Wikipedia.com; RealtyTimes.com; UrbanLegends.com

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Fire Prevention Week is October 8th through October 14th!  This year’s theme is “Every Second Counts: Plan Two Ways Out!”  Every second does count when it comes to fire safety.  As with any emergency, it is always good to have an emergency plan in place to help guide you and your loved ones to safety without hesitation and with minimal panic.

Here are a few key messages from the National Fire Protection Association regarding your escape plan:

  • Drawing a map to plan out your escape route is a very important part in your emergency preparedness plan. Be sure to mark at least two exits from each room and a path outside from each exit.
  • Schedule home drills at least twice a year. One at night as well as one during the day.
  • Try to remember to close doors behind you as you leave each room – this may help slow down the spread of smoke, heat and fire.
  • Last, but certainly not least, once you’ve made it safely outside, STAY OUTSIDE.

Click on this link to download the NFPA’s sample fire escape plan.

Source: Reproduced from NFPA’s Fire Prevention Week website, www.firepreventionweek.org. ©2017 NFPA.

Be sure to check out the great Insurance Programs for Condominium Insurance,Cooperative InsuranceApartment Insurance and Property Manager’s Insurance that New Empire Group, Ltd. offers!

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“Lloyd’s of London recently said in a report that a global cyber attack could result in as much as $121.4 billion in damages.”

In today’s world, there is no individual or organization that is safe from cyber risks.  As technology evolves so does the threat.  The effects of recent cyber-attacks have been raising awareness to the vulnerability companies and organizations face. Property Managers are particularly vulnerable to cyber-attacks.

The Personally Identifiable Information that property managers store make them attractive targets for cyber criminals for data breach and other cyber-attacks.  Cyber-attacks are costly and are not typically covered under traditional insurance protections.

Being prepared and attentive is a necessity.  Understanding cyber threats and where they come from is a good place to start.

Most of today’s cyber-attacks are the result of viruses, hackers, identity theft or extortion, or ransomware.

Protecting property managers from cyber-attacks requires more and more attention. Property management firms must have adequate safeguards when it comes to users and people, their administration processes, and technology weaknesses.

Some things property managers and property management organizations can do today to immediately help the threat are:

  • Back up their information on a regular basis
  • Make sure their Wi-Fi network is secured
  • Avoid unknown emails with links or attachments
  • Make sure their anti-virus software is always up to date
  • Make pass phrases difficult to copy
  • Secure all mobile devices
  • Remind staff to update software on their personal devices
  • Stay current with any system updates

Unfortunately, there is no way to avoid all the evolving challenges posed by cyber related risks. The best way to deal with this problem is to have the proper coverage in place.  The cyber liability coverage offered by New Empire Group is designed to protect property managers from cyber and data breaches that can result in liability and financial loss for their organization.

Feel free to contact us with any questions you may have regarding cyber liability and for additional information on how your property managers can be properly protected.

Effective April of 2017, ISO has filed revisions to the Limitation of Coverage to Designated Premises, Project or Operations endorsement.  Due to ever broadening court interpretation, the revision no longer includes the language “and operations necessary or incidental to those premises”.  This change aims to remove ambiguity and to limit coverage to the described location, project or operation. There will be new editions of BP 04 12, CG 21 44, CU 21 11 and CX 21 10.

The result is that the grey area just got a lot smaller.  Where the “necessary or incidental language” provided some implication of coverage for offsite operations, the new language requires the occurrence to take place on the premises scheduled or appurtenant grounds or structures.  The revisions will have coverage consequences for Community Associations, Apartments and Property Managers whose policies often contain this endorsement, if the revisions are adopted by their carriers.

Liability arising from offsite meetings, business errands, new client interviews and other “necessary and incidental’ activities may need to be addressed for Community Associations, Apartments and Property Managers in the Real Estate niche.

Below are links to further treatment of the subject and a link to CG2144.

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Insurance brokers are often asked for advice by Community Association Boards on managing the demands of transparency on the board.  In their fiduciary capacity, boards must juggle statute and by-law requirements of transparency with the boards accountability to residents for effectiveness.  Below are some points to consider and some articles from various sources that deal with the topic more extensively.

  1. Most D&O policies do not provide coverage for breaking the law.  Boards should be aware of the statutory requirements for transparency and the requirements of their by-laws. Association attorneys should be consulted to confirm that boards are operating within the parameters of each.
  2. Access to information procedures should be clear. When can residents have access?  Can residents make copies of association documents? Can they take pictures?  How will information be made available?
  3. How are privacy issues handled? Boards will have sensitive information that needs to be handled correctly.  With electronic record keeping boards have a responsibility to secure personally identifiable information for residents. Data breach coverage should be up to date and understood.
  4. How will the board deal with residents who abuse access?  Attorneys and Community Association forums can provide guidance on strategies for dealing with these situations.

Below are links to some articles that deal with this subject from various sources more extensively:

Check out the great Insurance Programs for Condominium InsuranceCooperative InsuranceApartment Insurance and Property Manager’s Insurance that New Empire Group, Ltd. offers!

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