The property insurance market is showing slight signs of improvement this year. However, businesses still find themselves at a crossroads due to numerous factors.
Denise Perlman, president of national business insurance at Marsh McLennan Agency, recently contributed an article to her Forbes column. The article discussed how commercial property stakeholders must understand the major insurance market trends to navigate the industry's complexities during this unique time.
"The combination of challenges and other obstacles affecting the market emphasizes the need to proactively reassess risk exposure and coverage expectations. In this evolving landscape, commercial policyholders can take several steps to navigate the property insurance market effectively," said Denise.
Read the full article to learn more about the trends influencing commercial property insurance rates in 2024.
