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Risk Management

Judy Greenwald

A Florida federal district court has refused to dismiss litigation filed by a roofing company that is charging an American International Group Inc. unit with breach of contract for refusing to pay for more than $6 million in damage to a condominium caused by 2017s Hurricane Irma.

In September 2017, buildings covered by a policy issued by AIG unit Lexington Insurance Co. to the Coronado Condominium Owners Association Inc. in Fort Myers, Florida, were damaged by Hurricane Irma, according to court documents in SFR Services v. Lexington Insurance Co.

AIG subsequently refused to pay more than $6 million in damages to Stuart, Florida-based SFR Services, which was assigned proceeds in the case, according to court papers in the case.

The U.S. District Court in Fort Myers refused to dismiss the case in Thursdays ruling. AIG sought dismissal of the case because, it said, SFR had failed to comply with a request for completion of a sworn proof of loss statement and relevant books and records it had requested pursuant to the insurance policy, according to the ruling.

AIG, though, cites evidence outside the pleadings and the court will not consider such extrinsic evidence in ruling on the instant motion to dismiss, said the decision.

Further, the Complaints allegation that (a)ll conditions precedent to the institution of this action have either been performed or have occurred is sufficient to satisfy the pleading requirement under the Federal Rules of Civil Procedure, said the court, in refusing to dismiss the case.

SFR attorney Aaron B. Thalwitzer, a partner with Gordon & Thalwitzer in Coca Beach, Florida, said in a statement, Were pleased with the courts denial of the carriers motion to dismiss, and we hope this is the first step to obtaining the funds owed under the policy because theyre badly needed to replace our clients customers damaged roofs. Every day we have to litigate is another day that the customer runs the risk of suffering additional damage. That being said, we understand that Judge (John E.) Steele, in denying the motion, was doing no more or less than following the law, which is all we would ever ask from a judge.

AIGs attorney could not be reached.

In July, the same court in Fort Meyers held that a Zurich Insurance Group Ltd. unit must provide coverage to a Florida country club for only two locations under an outdoor grounds policy endorsement, in a coverage dispute over damage caused by Hurricane Irma.

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Roofing firm's suit against AIG unit allowed to proceed - Business Insurance

CHICAGO, Nov. 14, 2019 /PRNewswire/ --Mesirow Financial acted as the exclusive financial advisor to Advanced Roofing & Sheet Metal ("ARSM" or the "Company") on its sale to Reconstruction Experts Inc. ("RE"), a portfolio company of Linx Partners ("Linx").

Based in Fort Myers, FL, ARSM is a leading provider of roofing and HVAC services and solutions primarily serving multi-tenant housing developments in Southwest Florida. The Company is a leader in its served markets and the combination of ARSM's capabilities and RE's diverse offerings brings significant opportunities and value to each company's customer base.

Mike Shephard, owner of ARSM, commented on the transaction, "Mesirow did everything they said they would do- assisted us in the evaluation of strategic alternatives, found a partner that fits culturally and preserves a great legacy for ARSM and executed a smooth and complete process that achieved my personal and professional goals."

Rocky Pontikes, managing director of Mesirow Financial's Investment Banking group, said, "We were honored to represent ARSM on its sale to RE and Linx. We believe the combination of ARSM and RE is highly strategic and our process ultimately found the best partner for ARSM's customers and employees."

The transaction represents another successful assignment completed by Mesirow Financial's Investment Banking group. With extensive sector-specific expertise and deep long-standing relationships, Mesirow Financial's team has a proven track record of completing successful transactions.

About Advanced Roofing and Sheet Metal Founded in 1980, ARSM has grown into a full-service provider of top-quality roofing services, including full installations, maintenance, upgrades and emergency response services. The Company has established itself as a reputable brand recognized for its commitment to quality and customer satisfaction and is viewed as the "go-to" roofing services partner of choice for property managers and condominium HOAs in its markets. To learn more, please visit advancedroofingandsheetmetal.com.

About Reconstruction Experts Inc.Reconstruction Experts, Inc. provides specialized property services to homeowners' associations and other property owners through eight offices in Colorado, California and Texas. RE's service offering includes construction defect services, specialty construction services and insurance / emergency services for occupied residential and commercial developments. To learn more, please visit reconstructionexperts.net.

About Linx PartnersLinx Partners is a lower middle market private equity firm headquartered in Atlanta, GA. Linx targets investments in U.S.-based companies operating in the business services, manufacturing and logistics sectors. Linx focuses on investing in companies with annual revenues between $20 million and $100 million. To learn more, please visit linxpartners.com.

About Mesirow FinancialMesirow Financial is an independent, employee-owned firm founded in 1937. As specialists in investment, risk management and advisory services, we are committed to helping our institutional, corporate and individual clients achieve their objectives. Our professionals are inspired by an entrepreneurial desire to develop tailored solutions that deliver measurable results. To learn more, please visit mesirowfinancial.com.

CONTACT:MediaInquiries@mesirowfinancial.com

SOURCE Mesirow Financial

https://www.mesirowfinancial.com

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Mesirow Financial Advises Advanced Roofing & Sheet Metal on its Sale to Reconstruction Experts Inc., a Portfolio Company of Linx Partners -...

Jacksonville ISD board of trustees will consider approving a contractor for roofing projects at Nichols Intermediate School and Jacksonville High School during a 6:30 p.m. meeting, Monday, Nov. 18, in the district administration building, 800 College Ave.

Public hearings regarding Schools Financial Integrity Rating System of Texas (F.I.R.S.T.) financial accountability rating system also are slated as part of the meeting, according to an agenda.

Trustees also will consider:

Moving its January 2020 regular meeting to Monday, Jan. 27, due to the Jan. 20 Martin Luther King holiday;

Approval of a 2019-20 district improvement plan and campus improvement plans;

Appointment of the 2019-20 textbook selection committee;

Approval of target support plans for the district's four elementary campuses, intermediate school and middle school;

Adoption of a resolution to cast votes for Cherokee County Appraisal District's Board of Directors; and

Approval of a consent agenda that includes minutes from the Oct. 21 regular board meeting; investment, finance, amended budget and ADA summary reports; tax refund applications for more than $500 if needed; and donations of $1,000 or more, if needed.

A 5:30 p.m. executive session is also listed as part of Monday's meeting agenda, regarding a professional personnel report, legal matters, student discipline and real property. Action, if any, will be taken during the open session of the meeting, as per government code.

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JISD trustees slated to talk about roofing projects - Jacksonville Daily Progress

North America Roofing Market Forecast by Type (Shingle Roofing, Tile Roofing, Engineered Solution Roofing, Paneled Roofing, and Structural Concrete Roofing), Material Type (Metal, Wood, Clay and Slate, Asphalt, Concrete, and Membrane), Roof Type (Flat Roof and Slope Roof), and Application (Residential, Commercial, and Industrial): Opportunity Analysis and Industry Forecast, 20182025

New York, Nov. 12, 2019 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "North America Roofing Market Forecast by Type, Material Type, Roof Type, and Application: Opportunity Analysis and Industry Forecast, 20182025" - https://www.reportlinker.com/p05793181/?utm_source=GNW

The North America Roofing market size was $29,864.4 million in 2017, and is projected to reach $47,517.8 million in 2025, growing at a CAGR of 5.9%. A roof is the uppermost part of a building, which shields the building from rain, heat, snow, sunlight, and wind. The roofing market includes various types of roofing such as asphalt roofing, metal roofing, tile roofing, and others. The North America roofing industry experiences growth owing to various factors such as rise in construction industry, rapid urbanization, and technological innovations, which drive the growth of the market. According to the reports from the World Urbanization Prospect, about 54% population belonged to urban areas in 2014, which is projected to reach 66% by 2050, thereby fueling the market growth. Furthermore, rise in standard of living of people boosts the demand for re-roofing construction projects. Rise in air pollution, loss of biodiversity and increase in formation of urban heat island are the factors that make way for green roof technology to decrease environmental degradation. Major players are producing high-quality and high-performance roofing to ensure energy efficiency, thereby stimulating the growth of the market. For instance, Boral offers different types of roofing such as clay, concrete, composite, and steel roofing that meet or exceed the Energy Star reflectivity threshold, and makes buildings more energy-efficient and consequently, more comfortable during the entire year. Hence, augmented energy saving by use of high quality and high-performance roofing is estimated to drive the North America roofing market growth. However, shortage of skilled tradespeople is one of the major challenges faced by the North America roofing industry. On the contrary, technological improvements are anticipated to offer lucrative opportunities for the players in the North America roofing market. The North America Roofing market is segmented based on type, roof type, material type, application, and country. Based on type, the market is divided into shingle roofing, tile roofing, engineered solution roofing, paneled roofing, and structural concrete roofing. The shingle roofing segment is anticipated to dominate the North America Roofing market throughout the study period in terms of value. Based on roof type, the market is bifurcated into flat roof and slope roof. The flat roof segment is anticipated to dominate the North America Roofing market throughout the study period in value terms. Based on material type, the market is divided into metal, wood, clay and slate, asphalt, concrete, and membrane. In terms of volume, the asphalt type is estimated to hold a major share of the North America Roofing market throughout the study period. On the basis of application, the market is categorized into residential, commercial, and industrial. The residential segment is expected to dominate the market during the forecast period. Based on country, the North America roofing market is analyzed across the U.S. and Canada. U.S. is expected to dominate the market throughout the forecast period due to rise in income levels, rapid urbanization & industrialization, and increase in government initiative to invest in infrastructure development. The key players profiled in this report include Beacon Roofing Supply, Inc., Berkshire Hathway, Bridgestone Americas, Carlisle Companies Incorporated, CertainTeed (Saint Gobain), FiberTite (Seaman Corporation), GAF Materials Corporation, IKO Industries, Owens Corning, and Sika Group.

KEY BENEFITS FOR STAKEHOLDERS The study provides an in-depth analysis of the North America Roofing market, and current & future trends to elucidate the imminent investment pockets. Information about the key drivers, restraints, and opportunities and their impact on the market is provided. Porters five forces analysis illustrates the potency of buyers and suppliers operating in the industry. The quantitative analysis of the market from 2017 to 2025 is provided to determine the market potential.

KEY MARKET SEGMENT

By Type Shingle Roofing Tile Roofing Engineered Solution Roofing Paneled Roofing Structural Concrete Roofing

By Material Type Metal Wood Clay and slate Asphalt Concrete Membrane o PVC o TPO o EPDM o Torch-on o Spray-on o BUR

By Roof Type Flat roof Slope roof

By Application Residential Commercial Industrial

By Country U.S. Canada

KEY MARKET PLAYERS PROFILED IN THE REPORT Beacon Roofing Supply, Inc. Berkshire Hathway Bridgestone Americas Carlisle Companies Incorporated CertainTeed (Saint Gobain) FiberTite (Seaman Corporation) GAF Materials Corporation IKO Industries Owens Corning Sika GroupRead the full report: https://www.reportlinker.com/p05793181/?utm_source=GNW

About ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

__________________________

Story continues

Clare: clare@reportlinker.comUS: (339)-368-6001Intl: +1 339-368-6001

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The North America Roofing market size was $29,864.4 million in 2017, and is projected to reach $47,517.8 million in 2025 - Yahoo Finance

SCOTTSBLUFF, Neb. - (KNEP) - Twin City Roofing is partnering with the United Way to raise funds for various organizations in the Panhandle.

At a check presentation Tuesday, owner Terry Schank announced that from this past October to the end of September of next year, Twin City Roofing will donate $100 for every roofing project to the United Way.

The idea came after the company saw an increase in business due to the recent hail storms. Last month, the company worked on 52 projects in 20 days. Tuesday the company provided the United Way with the first of many checks; this one was worth $5,200.

Executive Director for the United Way Steph Black states its an amazing vision the Schanks have to turn a negative into a positive. Terry and his wife Paula enjoy helping the community and he is setting a goal to reach $50,000 by the end of next September.

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United Way receives first of many donations from Twin City Roofing - KSNB Local 4

On Friday, November 15, 2019, by making a change of 0.06% with the Gain (), the Industrial Goods stock (Beacon Roofing Supply, Inc.) created a change of -0.52% from opening and finally closed its business at 34.48.

Earnings for each Share (EPS) are the part of a companys profit allocated to respectively outstanding share of common stock. EPS serves as a pointer to a companys profitability/success. EPS is considered to be the only most crucial variable in determining a shares price.

Eye Catching Stocks: Beacon Roofing Supply, Inc.

Intraday Trading of the Beacon Roofing Supply, Inc.:Beacon Roofing Supply, Inc., a USA based Company, belongs to Industrial Goods sector and General Building Materials industry.

Trading volume, or volume, is the number of shares or contracts that point towards the full activity of a security or stock market for a given period. The company exchanged hands with 419705 shares contrast to its average daily volume of 518.28K shares. Relative Volume (or RVOL) is a volume indicator, meaning it assists measure shareholder interest in a stock. RVOL compares a stocks current volume to its previous amount over a specific period.

Performance Review:

Technical Analysis of Beacon Roofing Supply, Inc.: Looking into the profitability ratios of BECN stock, the shareholder will find its ROE, ROA and ROI standing at -0.7%, -0.2% and 4.1%, respectively. A profitability ratio is an estimate of profitability, which is a way to measure a companys performance. Profitability merely is the capacity to make a profit, and a gain is what is left over from income earned after you have deducted all costs and expenses related to obtaining the income.

The RSI most typically used on a 14-day timeframe, measured on a scale from 0-100, with high and low levels marked at between 70 and 30, respectively. Shorter or longer timeframes used for alternately shorter or longer outlooks. More supreme high and low levels80 and 20, or 90 and 10occur less frequently but indicate stronger momentum. The RSI provides signals that tell investors to buy when the currency oversold and to sell when it is overbought. The present relative strength index (RSI) reading is 63.59.

What do you mean by simple moving average (SMA)?

A simple moving average (SMA) is an arithmetic moving average calculated by adding the closing price of the security for some time periods and then dividing this total by the number of time periods. Its distance from 20-days simple moving average is 5.63%, and its distance from 50 days simple moving average is 5.25% while it has a distance of -0.29% from the 200 days simple moving average. The companys distance from 52-week high price is -13.8% and while the current price is 37.37% from 52-week low price.

As of now, Beacon Roofing Supply, Inc. has a P/S, P/E and P/B values of 0.34, 0 and 1.28 respectively.

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Is It Time To Sell Stock?: Beacon Roofing Supply, Inc., (NASDAQ: BECN) - Ws News Alerts

The market research report on the Global Roofing Insulation Adhesives Market presents a comprehensive assessment of the market. It does so through the quantitative and qualitative insights, historical data, and future predictions about the market size, which are all validated and authenticated. The estimations mentioned in the report have been derived using proven research assumptions and methodologies. Therefore, serving as an invaluable source of guidance for readers, covers an analytical overview of the industry chain of the global market and discusses key elements associated with it, including leading consumers, leading raw material suppliers, and suppliers of manufacturing equipment.

The study provides an analysis of the markets competitive landscape and offers information on several manufacturers. The new report offered by Roofing Insulation Adhesives projects that the market will be valued close to USD billion during the forecast year.

The report is equipped with plenty of graphical representations for a smooth understanding of the data which is presented in a chapter-wise format. The outlining of key Roofing Insulation Adhesives market players also helps in defining the state and direction of the industry.

Request the in-Deapth Sample copy of This Report Including: TOC, Table and Figures @ https://www.reportsmonitor.com/request_sample/737580

In this report, the Roofing Insulation Adhesives Market was estimated at USD Million/Billion and is expected to reach USD Million/Billion by 2026, expanding at a CAGR by the end of the forecast period, 2019-2026.

Scope of the Reports:

Some of the major key playersfunctioning in the Roofing Insulation AdhesivesMarket Report includeBASF, Dow Chemicals, DuPont, ExxonMobil, Asahi Kasei, 3M, BP, Sabic, Saint-Gobain, Sinopec, Bayer, Braskem

Product Type Coverage (Market Size & Forecast, Major Company of Product Type etc.):Liquid StatePasteOthersDemand Coverage (Market Size & Forecast, Consumer Distribution):Residential BuildingCommercial BuildingOthers

Market Competitiveness:Owing to the huge demand for the Roofing Insulation Adhesives product, key players operating in the market relish on economies of scale. Due to a large number of partnerships and collaborations, the demand for the Roofing Insulation Adhesives product has risen at a considerable rate. However, the new entrants in the market are in an effort to increase their partnerships with the OEMs, which will result in an increased market share over the coming years. On the other hand, companies are also investing heavily in interoperability, which is expected to intensify the market competition during the forecast period.

Request for the discount on this Report @https://www.reportsmonitor.com/check_discount/737580

Key questions answered in the report

Request for the Roofing Insulation Adhesives Market Full Report @https://www.reportsmonitor.com/report/737580/Roofing-Insulation-Adhesives-Market

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Roofing Insulation Adhesives Market to Reflect Significant Growth Pace by 2026: DuPont, ExxonMobil, etc. - Eastlake Times

New Options for Insulating and Venting Wood-Framed Sloped Roofs | Architectural Record This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This Website Uses CookiesBy closing this message or continuing to use our site, you agree to our cookie policy. Learn MoreThis website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.

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New Options for Insulating and Venting Wood-Framed Sloped Roofs - Architectural Record

Indianapolis, INThe Office of the Attorney General has prevailed in a case against two individuals who operated a home-improvement company in Hamilton County that scammed money from 63 Hoosiers, including 33 senior citizens.

Over a 10-month period, Green Frog Restoration LLC took payments totaling$389,187.82for work it never completed. Nor did the company refund the money paid by consumers.

A Hamilton County court last week awarded judgment in the case of James Twaddle, who with Wanda VanWinkle operated the business from May 2014 to March 2015. The same court already issued a default judgment against VanWinkle and Green Frog in 2017.

The default judgment, totaling$1,268,870.44, includes $389,187.82 in consumer restitution, $367,523.52 in senior consumer treble damages and $511,500 in civil penalties. Following an October trial, the court ordered that Twaddle also be held personally liable for Green Frogs $1,268,870.44 judgment. Twaddle is also permanently enjoined from owning, operating or managing any home-improvement business in Indiana.

Green Frog Restoration touted its specialty to be replacing siding and roofs on homes in the aftermath of storms. Before coming to Indiana, Twaddle already had been charged with home-improvement fraud in at least five Kentucky and Ohio counties. While out on bail, he moved to Indiana and used the alias Jim Martin to avoid being recognized for his ongoing criminal issues.

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AG Curtis Hill wins Hamilton County bench trial for Hoosiers in case involving home-restoration scammers - Country 103.9 WRBI

By: PuroClean | 0Shares 45Reads

November 18, 2019 // Franchising.com // Tamarac, FL - Winter is comingand much like previous years, the impending season is predicted to bring increasingly frigid temperatures. PuroClean, a leading national restoration and remediation franchise, is offering expert insight into what property owners can expect this season - along with tips for how to prepare.

We want to inform communities throughout the country about what to expect this winter, so that they can prepare their homes and businesses properly, said Steve White, president and COO of PuroClean. While we cant precisely predict the potential impact of winter weather that is on its way, PuroClean can provide helpful hints based on our past experience, arming the general public with information that will minimize potential damage.

This winter is predicted to be freezing and frosty with temperatures peaking early next year, according to Farmers Almanac. Active winter weather systems could even bring the return of the polar vortex that wreaked havoc on communities in 2018. Many businesses that were unprepared for last seasons impact were forced to close or relocate, due to damage, and many homeowners saw flooding or excessive structural damage. These five expert tips from PuroClean can help reduce the possibility of internal and external property damage:

Commercial and residential properties are increasingly impacted by the strong forces that winter brings. According to the Insurance Information Institute, one in 15 property owners report winter related damages yearly. Whether exterior damage caused by ice dams and strong winds or interior damage due to frozen and burst pipes, repairing homes and businesses can be costly, but avoidable with preparation.

PuroClean is one of the leading restoration franchise companies in the nation. Each year, PuroClean performs thousands of jobs throughout the United States and Canada, providing restoration services from common to large-scale disasters.

For more information on PuroClean, contact 800-775-7876 or visit http://www.PuroClean.com.

Known as the Paramedics of Property Damage, PuroClean provides water damage remediation, flood water removal, fire and smoke damage remediation, mold removal, and biohazard cleanup to commercial and residential customers. Founded in 2001, PuroClean has a comprehensive network of 290+ franchise offices across North America. PuroClean technicians are thoroughly screened, insured, and trained in utilizing the latest in mitigation technology and procedures, while operating under a strict code of ethics. Each PuroClean office is independently owned and operated. For more information about PuroClean, contact 800-775-7876 or visit http://www.puroclean.com; for franchise information, visit http://www.puroclean.com/franchise.

Rachel Tabacnic/ Deiondra SkinnerHemsworth Communications954-716-7614PuroCleanPR@HemsworthCommunications.com

SOURCE PuroClean

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National Restoration and Remediation Experts Offer Tips & Tricks in Anticipation of Extreme Weather Conditions in Winter 2019-2020 -...