Author: FM College Admin

The U.S. property insurance industry is resetting its business models as it struggles to absorb the losses caused by the California wildfires. Insurance companies face losses of up to $30 billion from the fires that began in early January. That number could get bigger, as major fires at two locations are still active. Insurers now want large premium increases of…

The organization is not aware of any actual or attempted identity theft or fraud as a result of this incident. Allegheny Health Network (AHN) announced that an IT vendor – IntraSystems, LLC – responsible for hosting, managing, and securing certain computer systems that support AHN’s subsidiary Home Medical Equipment and Home Infusion companies experienced a…

  Gen AI has become a hot topic among leaders at most big companies, more than two-thirds of which intend to increase their investments in the technology over the next three years. McKinsey has estimated the opportunity for gen AI in biopharmaceutical operations at $4 billion to $7 billion annually through workload and cost reductions, productivity…

The federal government is allocating $50 million towards the construction of The MileBrook, a mixed-use development situated at the eastern end of the Island of Montréal. The MileBrook represents a $340 million investment and will ultimately offer over 800 rental units. Strategically located on the final mile of Sherbrooke Street, this multi-generational project addresses a…

Each year, leaders in the fashion, building design, construction, and home design predict upcoming trends. While these forecasts often receive significant attention, it’s important to note that in some sectors, the same level of anticipation and analysis applies to restroom design in commercial facilities. No matter the industry, some predicted trends quickly become reality, while…

The many strands of facilities management across property, buildings, and operational assets require professionals to take a lifecycle approach to their charges. With the FM market expected to pass $2 trillion globally by 2030, and growing work demand and work orders, the numbers for any organization will continue to get bigger. Facilities managers must take…