Tag Archives: liabilities

Liabilities & Insurance

 

 

Each condominium, cooperative or planned community is exposed to liabilities that have the potential to cripple the association.  Therefore, commercial insurance is one of the most important components of a community association’s risk-management program.

 

One reason associations exist is to protect assets, which can be tangible (like equipment) or intangible (like...

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NV: Injunction Lawsuit Against Cosmopolitan Demands Disclosure of Flood Hazard

News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network

On behalf of two condominium purchasers at the Cosmopolitan Resort and Casino in Las Vegas (now named the Cosmopolitan of Las Vegas), a complaint for preliminary and permanent injunction will be filed today demanding that the Cosmopolitan disclose potential flooding hazards and liabilities associated with the underground parking and foundation of the property.
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