Storms, flooding, hail, and freezing temperatures are putting more assets in harm’s way than ever before. Despite these challenges, the market shows signs of increased stability for the first time in six years. With stability comes growth, and with growth comes increasing demand for broader coverage and increased limits. Still, insurers aren’t looking to start spending more money and are taking a more conservative “wait and see” approach until a new norm emerges. What will the new normal look like, though, and how will it affect your organization?
