- Sep 21, 2021
- Kelli Esposito, Auto-Out®
Insurance has long been an expensive line item for property owners and there seems to be no relief on the horizon.
“The effects of the property market will be felt by every commercial insurance buyer, according to Insurance Business America – whether through higher premiums, less capacity, stricter terms, or all three. During the first half of the year, insureds can expect rate increases from the high single digits to the 15% range on clean accounts, and higher increases on accounts with losses.”
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