Blog Tag: real estate insurance
While 2017 was mostly a buyers’ market for commercial property insurance, rates are currently on the rise. From hospitality and storage to development and habitational, the commercial real estate insurance market is firming up. Carriers are responding to natural disasters, including hurricanes Harvey, Irma, Maria and Florence, as well as recent California wildfires. Events like these have significantly affected the insurance industry, with global insured losses totaling well over $100 billion in 2017 alone.