Not on my watch: Avoiding financial fraud in communities

Not on my watch: Avoiding financial fraud in communities

Things have stabilized at the Hammocks Community Association near Miami more than three years after local prosecutors began filing criminal charges against previous board members for allegedly defrauding owners of more than $2 million in a financial fraud scheme. Every instance of financial fraud serves as a reminder, professionals say, of the importance of owner vigilance and the need for safeguards and controls. 

Cyber crime: Protecting your community’s sensitive data

Cyber crime: Protecting your community’s sensitive data

Community association boards should act now to protect their communities from cybersecurity threats, and can use simple and inexpensive methods to protect sensitive data against cyber crime and breaches, according to an insurance expert. To protect themselves in case of an attack or breach, community associations also should research and invest in cyber crime insurance policies.

Insurance challenges: Communities facing rising umbrella liability rates

Insurance challenges: Communities facing rising umbrella liability rates

As property insurance rates are somewhat stabilizing in 2022, umbrella liability rates continue rising for common interest communities. New challenges are emerging in the insurance landscape, and it is imperative for board members and community managers to partner with credentialed and experienced professionals who will guide them through this social inflation crisis and will help them mitigate liability claims.

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