Highlighting News, Trends and Best Practices in Risk Management and Property & Casualty Insurance

State of the Property and Casualty Market - Q2 2018

Posted by Matt Hene on Jul 17, 2018 4:01:43 PM

As we enter into the second half of 2018, the state of the Property & Casualty (P&C) market looks strong with multiple sources of opportunity on the horizon.  One thing is certain, after the catastrophic damage from 2017, underwriters are taking a more in-depth look into potential risks. Brokers with a “client-first” mentality are setting themselves apart from the competition by working intensely with their clients to put policies into place that mitigate risks and keep premiums as low as possible.

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Topics: insurance premiums, property and casualty, multi-family, hospitality, earthquake, general liability, cyber security

Overcoming the Obstacles in Obtaining Multi-Family Real Estate Insurance

Posted by Ironwood Property & Casualty Insurance Brokerage on Dec 14, 2017 3:32:31 PM

The summer of 2017 brought a plethora of catastrophic insurance events including:  hurricane heavy-hitters Harvey, Ivan, and Maria, two earthquakes in Mexico and scorching wildfires in California causing over $100 billion in insured losses.1 The rising costs of property and casualty (P&C) rates are no secret and our projection is that these increases will continue through at least the first part of 2018. This along with the unique exposures faced by multi-family owners and managers poses a challenge for their insurance renewal. Despite these increasing costs, losses and the inherent risks that may come with writing coverage on Multi-Family Real Estate business, a well-informed property owner partnering with an experienced broker with industry knowledge, can work together to obtain a comprehensive program at the best possible price and coverage terms.

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Topics: insurance program, capital, real estate, multi-family, insurance obstacles

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