Home

Instant Insights / Underwriting in the Current Environment

Analysis

Why CRE Insurance Prices Are Becoming More Volatile

Increased costs from climate change, the supply chain crisis and inflation are just some of the reasons.

By Ted Knutson | January 14, 2022 at 07:00 AM

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Commercial insurance prices are rising as increased costs from climate change, the supply chain crisis and inflation take hold, Westchester, a commercial property, and casualty insurance underwriter, said in a new report.

Climate change is adding to the expenses insurers need to recoup and plan for, said the authors, as related natural disasters produce more frequent and severe insured water, rainfall, and flood losses.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

Unlimited access to GlobeSt and other free ALM publications
Access to 15 years of GlobeSt archives
Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
1 free article* every 30 days across the ALM subscription network
Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account? Sign In Now

Dig Deeper

GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
Exclusive discounts on ALM and GlobeSt events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now