Quote:
Originally Posted by mr_alleycat
Jazz is an insurance broker, not the companies underwriting policies. So that in no way reflects an insult on Jazz. Given WTC 7's nature, and use, they would be operating illegally without these safety systems, in any major city in the USA.
What reputable insurance company would knowingly insure an illegal operation?
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Mr_Alleycat, yes, I'm the broker, but I'm the guy charged with finding the insurance company. They would not be acting illegally unless they went outside of code. And there's an entire subset of Property coverage called "ordenance coverage" that potentially covers the cost of bringing a structure up to code, should it be required after construction is completed and the building is occupied.
Obviously, you don't know much about insurance, and that's fine. Here's a short list of companies that would cover what you're describing. Maybe you're familiar with some of them: AIG, Travelers, Chubb, XL, IPC, CNA, Hartford.... All these companies have divisions that write Excess & Surplus Lines Property coverage.
If we can find coverage for buildings in Key West or oil platforms out in the Gulf or the Superdome (both pre- and post-Katrina), then we could find coverage for a building out of code. It's the municiaplity's responsibility, not the insurance carrier's. The carrier that's willing to write it isn't going to be pushing for changes since they're going to get a much bigger pound of flesh without them.