In the editorial section of Insurance Journal, Founding Partner Michael Coffey breaks down the underwriting and litigation lessons from the near-collapse of the former Pfizer headquarters conversion in Midtown Manhattan.
As cities ramp up office-to-residential projects to address housing shortages, these complex adaptive reuse conversions introduce risks far beyond standard commercial builds.
Drawing on decades of high-stakes structural disaster experience, Coffey outlines why insurers and developers must reconsider how these conversions are vetted and managed — before catastrophe strikes.
Read his full analysis in Insurance Journal: