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In the past, community associations seldom failed because of:
- Insufficient or incorrect insurance proceeds that limited the ability to rebuild
- Financial problems driven by delinquencies that created massive deferred maintenance and insurance-based litigation
- Lack of a substantial owner-occupied base, making compliance with agency insurance and other requirements more challenging
- Repeated climate- or location-driven problems impacting the ability to obtain certain types of insurance
- A different type of association making financing more available and increasing owner equity
Today, these issues are not uncommon, and the failure of associations to thrive has brought insurance and risk management, condemnation, eminent domain, termination and change to the fore. Through case studies, this CIRMS program outlines some of the reasons, pitfalls and consequences of communities at risk.
Special Note: This program is a recorded education session from the 2015 CAI Law Seminar.
Duration: 2 hours, 30 minutes
Program Description
In the past, community associations seldom failed because of:
- Insufficient or incorrect insurance proceeds that limited the ability to rebuild
- Financial problems driven by delinquencies that created massive deferred maintenance and insurance-based litigation
- Lack of a substantial owner-occupied base, making compliance with agency insurance and other requirements more challenging
- Repeated climate- or location-driven problems impacting the ability to obtain certain types of insurance
- A different type of association making financing more available and increasing owner equity
Today, these issues are not uncommon, and the failure of associations to thrive has brought insurance and risk management, condemnation, eminent domain, termination and change to the fore. Through case studies, this CIRMS program outlines some of the reasons, pitfalls and consequences of communities at risk.
Speakers
- Joseph E. Adams: Managing Shareholder, Becker & Poliakoff PA
- Melissa Anderson - Program Specialist, National Flood Insurance Program
- Joe Cecil: Underwriting Branch, Federal Insurance and Mitigation Administration
- Kevin Davis: President, Kevin Davis Insurance Services Inc.
- Robert M. Diamond: Partner, Reed Smith LLP
- Howard Goldklang: Founder and President,Goldklang Group CPAs, PC
- Marshal Granor: President, Community Management Services Group
- Joanne Kuczma: Housing Program Officer, U.S. Department of Housing and Urban Development
- Robin Manougian: Partner, Agent, CIRMS, John Manougian Insurance Agency, Inc.
- Marc Markel: Shareholder, Roberts Markel Weinberg Butler Hailey PC
- Patricia McMenomy: Credit Risk Analyst, Fannie Mae
- Robert Morgan: Senior Vice President, Philadelphia Insurance Companies
- Gary Newman: Fannie Mae
- Clifford Treese: President, Association Data Inc.
- Alan Price Young: Attorney, Young & Haros, LLC
Continuing Education Credit
This program provides credit toward:
- Certified Manager of Community Associations recertification
- Association Management Specialist redesignation
- Professional Community Association Manager redesignation
To earn credit, you must be personally registered for this program and print the certificate of completion to document your participation.
Manager Certifications and
Designations
Certified Manager of Community Associations
(CMCA®) /Association Management Specialist
(AMS®) /Professional Community Association Manager
(PCAM®) /Large-Scale Manager
(LMS®)
Management Company Designation
Accredited Association Management Company
(AAMC®)
Service Provider Designations and
Distinctions
Reserve Specialist
(RS®)/Community Insurance and Risk Management
Specialist (CIRMS®)/Educated Business
Partner
