Three Little Pigs House No roof?

House of Straw House of Sticks House of Bricks

All three without a roof?

Extreme weather events are no longer a rarity. From hurricanes battering coasts to wildfires raging across forests, these disasters are becoming more frequent and intense. This has a direct impact on homeowners insurance, causing costs to surge and, in some cases, leading insurers to pull out of high-risk areas altogether.
Here's how extreme weather is shaking up the home insurance landscape:

Increased Risk, Increased Premiums: Insurance companies base premiums on risk. With the likelihood of claims due to weather events like hurricanes, tornadoes, and wildfires on the rise, they need to charge more to offset potential losses. This can be a significant burden for homeowners, especially in areas repeatedly hit by disasters.
Policy Cancellations and Non-Renewals: In some cases, the risk becomes too high for insurers to justify offering coverage at all. This is particularly true in regions prone to wildfires or hurricanes. Homeowners in these areas may find their policies cancelled or not renewed, leaving them scrambling for alternative (and often more expensive) coverage, or worse, with no coverage at all.
Focus on Mitigation: To manage risk, some insurers are offering discounts for homeowners who take steps to mitigate potential damage. This might include installing hurricane shutters, fire-resistant roofing, or flood barriers. While upfront costs exist, these measures can save money on premiums in the long run.
Examples by Disaster:
Hurricanes: Coastal regions are particularly vulnerable to hurricanes, with stronger storms and rising sea levels leading to increased flooding. This has caused some insurers to limit or exclude flood coverage altogether, forcing homeowners to seek separate flood insurance, which can be expensive.
Wildfires: Wildfire seasons are becoming longer and more intense, threatening homes in fire-prone areas. Insurers are raising premiums and, in some cases, refusing to write new policies in high-risk zones. This leaves homeowners with limited options and potentially devastating consequences if a fire strikes.
Tornadoes: While tornadoes are more localized events, the increasing frequency and intensity can still lead to significant damage and rising insurance costs. Mitigation efforts like storm shelters can help reduce risk and potentially lower premiums.
The bottom line is that extreme weather is a growing concern for homeowners and insurers alike. Understanding the risks and taking steps to mitigate them can help you protect your home and keep your insurance costs manageable.

Is your hazard insurance company cancelling you?

Is your insurance company pulling out of your state?

Time to call your Senator and Congressperson.

https://www.fanniemae.com/research-and-insights/perspectives/consumers-worried-about-impact-extreme-weather-homes-and-insurance-premiums

Real Estate Digital Tools

There are hundreds of vendor tools for real estate investment, valuations,

management, lead marketing, and data collection and organization.

All have focus either on commercial or residential real estate.

Some are used for purchasing property, some for ongoing management.

Here are a few categories of digital software that an investor, a lender, 

a management company, or bank might purchase.

Customer Relationship Management (CRM):

• Lofty
• Chime CRM

Valuation:

• Quantarium
• Compstak (commercial)

Residential Analysis:

• Cash Flow Atomizer

Other:

• House Canary
• ATTOM Data
• REI (possibly property management)
• MRI software for accounting (accounting)
• Rentrange /altisource
• Northspyre
• Entera
• Yardi
• REI property pro (possibly property management)
• Argus Altus Group
• LexisNexis
• Plunk
• Property Shark
• Corelogic
• MRI
• Reonomy
• Real Capital Analytics

Uncategorized:

• REI 360: this is a CRM claiming to be property management software, or something else related to real estate.

Then there are tools used by institutions and lenders

• Real Estate Data & Analytics: They provide a data hub that gathers and analyzes property information to aid in accurate valuations and market analysis.
• Workflow Software: Their Voxtur Verify product specifically helps title agents, loan officers, and underwriters by simplifying real estate transactions through a user-friendly workflow platform.
• Valuation Tools: Voxtur offers solutions like ApexSketch, which assists appraisers and assessors in creating accurate and professional floorplan sketches for property valuations.
• Property Tax & Assessment: Voxtur helps with property tax assessments through their technology solutions.

In essence, Voxtur acts as a behind-the-scenes player in the real estate industry, providing tools and data to various professionals involved in buying, selling, and appraising properties. They don't directly interact with consumers through a single consumer-facing app.

And many appraisal valuation tools

Claw Back Unpaid Income Taxes From Insurance Companies?

Insurance Companies Don't pay income tax in the states they operate or to the IRS on the premiums they collect. Perhaps Florida, Texas, and now California should claw back what they saved. Insurance companies pulling out of homeowner/ fire/ hazard

insurance policies.

• Insurance premiums aren't profit: The money paid for insurance isn't considered income for the company. It's seen as a reserve to pay out future claims.

• Taxation on investment income: Insurance companies invest a portion of the premiums they collect. The income generated from these investments is typically taxed like any other company's earnings. Insurance companies invest in real estate, mortgages, and stocks. Gains on sale of investments may be taxable but they seem to roll the gains and rarely pay.

• Reserves and claim payouts: The money set aside for potential claims acts as a buffer, reducing taxable income. Insurance companies can only deduct a portion of these reserves each year, following specific tax code guidelines.

• Different tax treatment for life insurance: Life insurance companies often have a different tax structure than property and casualty insurers. They may receive special tax treatment for a portion of their reserves due to the long-term nature of life insurance policies.

In essence, insurance companies are taxed on their investment income, not the premiums they collect. However, the way they manage reserves and the type of insurance they offer can influence their overall tax liability.

Analytic Tools For Mortgage, Banks, Fraud, and Data

 FICO Platform is a decision management platform that provides pre-built models and analytics for tasks like credit scoring and fraud detection. It's known for its ease of use but can be expensive and offer limited customization.

·        RiskSpan is a risk intelligence platform that focuses on real-time risk data and analytics, particularly for regulatory compliance and AML. It leverages cloud-based solutions but relies on external data sources.

·        LexisNexis is a data and analytics company known for its extensive data resources on individuals and businesses. It excels in due diligence and identity verification but offers less in advanced analytics.

·        Quantrix is an EPM software that provides budgeting, forecasting, and financial reporting functionalities. It boasts a user-friendly interface and strong data modeling capabilities, but its focus is primarily on financial data.

·        SAS is a comprehensive data analytics suite that offers a wide range of statistical analysis tools and data management functionalities. It's powerful but has a steeper learning curve compared to others.

 

Chase Sues Trans Union Argus over Privacy

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I can't summarize the specific risks of JPMorgan Chase with Argus, Verisk, and consumer privacy, but I can provide some general information that might be helpful.

JPMorgan Chase is a large financial institution that collects a lot of data on its customers. This data could include things like your name, address, Social Security number, income, and spending habits. This data is valuable to JPMorgan Chase, but it could also be valuable to criminals or other unauthorized people.

Argus and Verisk are data analytics companies that provide information to businesses, including financial institutions. It is possible that JPMorgan Chase could share customer data with Argus or Verisk. If this data is not properly secured, it could be accessed by unauthorized people.

Consumer privacy is a growing concern, and there are laws and regulations in place to protect consumer data. JPMorgan Chase is required to comply with these laws and regulations. However, there is always a risk that a data breach could occur.

Here are some steps that JPMorgan Chase could take to mitigate these risks:

• Implement strong security measures to protect customer data
• Only share customer data with authorized third parties
• Be transparent with customers about how their data is collected and used
• Comply with all applicable laws and regulations

If you are concerned about your privacy, you can contact JPMorgan Chase to ask about their data security practices. You may also want to consider reviewing your privacy settings with the bank. I asked Chase ten times to not record my voice for recognition, to never share my social security number, date of birth or address but they continue to give away the bank. Argus, Trans Union, and Verisk (the prior parent company) all sell my information to the devil.

PMorgan Chase's lawsuit against Trans Union hinges on the alleged misuse of anonymized credit card data by Argus, which Trans Union later acquired. Here's the breakdown:

• The OCC Mandate (2009): The Office of the Comptroller of the Currency (OCC) required banks like JPMorgan Chase to submit anonymized (no Personally Identifiable Information - PII) credit card data.
• Argus as Data Aggregator: The OCC contracted with Argus to collect and process this anonymized data from banks. This presumably involved compiling and analyzing the data for the OCC.
• Confidentiality Expectations: JPMorgan Chase likely assumed the anonymized data would be kept confidential by Argus, considering the OCC's purpose and trade secret laws.
• Federal Reserve & CFPB Contracts: The Federal Reserve and Consumer Financial Protection Bureau (CFPB) followed suit, trusting Argus with similar anonymized data collection.
• Trans Union Acquires Argus: Later, Trans Union acquired Argus, inheriting the contracts and the anonymized data.
• JPMorgan Chase Sues Trans Union: JPMorgan Chase suspects Trans Union misused the anonymized data, potentially by:
• De-anonymizing it (which could be a challenge)
• Combining it with other datasets to identify individuals
• Selling the data (even if anonymized) in a way that wasn't aligned with the original agreements.

JPMorgan Chase believes Trans Union violated the trust and potentially even the law regarding how anonymized data should be handled. Chase is responsible as well, this is a method to appear compliant, not actually be within privacy laws.

There are several key privacy laws in the United States that protect consumers' banking and credit habits. Here's a breakdown of some of the most important ones:

• The Gramm-Leach-Bliley Act (GLBA): This 1999 law requires financial institutions to protect the privacy of their customers' nonpublic personal financial information (NPPI). NPPI includes things like your name, address, Social Security number, income, and account balances. The GLBA also gives consumers the right to know what information a financial institution collects about them and how it is shared.
• The Fair Credit Reporting Act (FCRA): This 1970 law regulates credit reporting agencies (CRAs) like Experian, Equifax, and TransUnion. The FCRA gives consumers the right to see their credit reports and dispute any errors. It also limits how often your credit report can be checked without your permission.
• The Right to Financial Privacy Act (RFPA): This 1978 law restricts the government's ability to access your financial records without a warrant or your consent. It also requires financial institutions to notify you before they disclose your nonpublic personal information to third parties.

These are just a few of the key laws that protect consumer privacy in the context of banking and credit. It's important to note that these laws are complex and there may be exceptions.

• Consumer Financial Protection Bureau (CFPB): https://www.consumerfinance.gov/ The CFPB is a government agency that enforces many of the consumer financial protection laws, including the GLBA and the FCRA.

 

 

 

Commercial Real Estate Apps

Commercial information applications for real estate

Here's a comparison of Tex-X, CoStar, Moody's Analytics (Economy.com), and Economy.com for analyzing commercial real estate:

Tex-X

• Focus: Primarily provides data on property characteristics, valuations, and transactions.
• Strengths:
• Deep property-level data, including tenant leases, operating expenses, and cap rates.
• Granular market coverage, especially for major metros.
• Well-suited for detailed property valuation and underwriting.
• Weaknesses:
• Limited analytics and reporting tools compared to competitors.
• Subscription can be expensive, particularly for smaller firms.
• User interface can be dated and less intuitive than some competitors.

CoStar

• Focus: Comprehensive data provider with a mix of property characteristics, market research, and analytics tools.
• Strengths:
• Extensive data coverage across all property types and geographies.
• Powerful mapping and charting tools for market analysis.
• Offers a variety of subscription tiers to fit different budget needs.
• Weaknesses:
• Data quality can be inconsistent, especially for smaller markets.
• Advanced features can have a steep learning curve.
• Can be overkill for users who only need basic property data.

Moody's Analytics (Economy.com)

• Focus: Macroeconomic and real estate market data and analysis.
• Strengths:
• Strong reputation for economic forecasting and market trends.
• Provides national and regional market reports in addition to property data.
• Useful for understanding the broader economic context of commercial real estate markets.
• Weaknesses:
• Limited property-level data compared to Tex-X and CoStar.
• Less granular market coverage, particularly for smaller local markets.
• May not be as suitable for detailed property-specific analysis.

Economy.com (Not to be confused with Moody's Analytics (Economy.com))

• Focus: Limited information available online. It appears to be a general economic data and research provider, but it's unclear how in-depth their commercial real estate coverage is.

Here's a summary table to help you decide:

Feature	Tex-X	CoStar	Moody's Analytics (Economy.com)	Economy.com
Data Coverage (Property-level)	Deep	Extensive	Limited	Unclear
Data Coverage (Market)	Granular (major metros)	Extensive	National/Regional	Unclear
Analytics & Reporting	Limited	Powerful	Strong (macroeconomic)	Unclear
Subscription Cost	High	Varied	Moderate	Unclear
Ease of Use	Less intuitive	Steeper learning curve	User-friendly	Unclear
Best For	Detailed property valuation & underwriting	Comprehensive market analysis	Macroeconomic & market trend analysis	pen_spark Unclear