Coastal communities could see their property values plummet as catastrophe-prone areas spur billions of dollars in losses — and have private insurance companies scaling back or leaving certain markets altogether, a new report warns.
Tag: catastrophe-prone areas
Brown & Brown CEO: Professional, Property Catastrophe Lines Under Pressure
Rates are mostly holding firm with the exception of professional lines, while capacity is under pressure in catastrophe-prone states, said Brown & Brown Inc.’s chief executive officer.
Amwins Experts Offer Tips to Obtain Hard-to-Get Wildfire Insurance
Historically, wildfires have been considered a California-centric risk exposure and with good reason as the top 10 costliest wildfires in the United States have occurred in the state—eight within just the past five years, according to the Insurance Information Institute. Wildfire risk exposure, however, is not limited to California. Forty-five of the 50 states have… Continue reading Amwins Experts Offer Tips to Obtain Hard-to-Get Wildfire Insurance