Help your clients succeed with our 2021 US Property Market Outlook with key insight and information:
- Every commercial property insurance buyer will feel the effect of a firming market
- Reinsurance will play a larger part in pricing terms than in the years past
- Rate increases in the high-single digits to 15% range on clean accounts, higher on accounts with losses
- Catastrophe deductibles converted from flat dollar amounts to percentages, and percentages increasing from 2% to as high as 5% in some areas
- Multiple insurers needed to assemble higher excess coverage limits
- New communicable disease and riot exclusions being introduced
- More restrictions on time element, ingress/egress business interruption (BI) cover
- Builders’ risk extensions moving into E&S market
- Enhanced scrutiny of hospitality industry accounts
View the 2021 U.S. Property Market Outlook
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