Mercer Ferguson and Stephen McCord published an article in Globe St

Commercial property insurance coverage rates are starting to moderate, a welcome change from the past few years of significant increases. And there is other good news for the industry.

Mercer Ferguson and Stephen McCord, co-chairs of Marsh McLennan Agency’s National Real Estate and Hospitality Practice, recently contributed an article to Globe St. diving into the state of the insurance market as commercial real estate owners, developers, and managers navigate their risk mitigation efforts. They also shared their insights on how they can position themselves to secure the best possible coverage in 2024.

“To help reinforce these moderating gains, real estate and hospitality businesses must become more proactive in the ownership, safety, maintenance, and purchasing of their overall portfolio of assets,” write Mercer and Stephen.

Read the full article in Globe St.