Property Insurance Rates to Rise in 2018

By | November 7, 2017

North American commercial property insurance rates could see a spike in 2018 for properties that suffered catastrophe property losses in 2017; this according to a report by Willis Towers Watson [WTS], a leading global insurance advisor, broker and solutions company.

The commercial property insurance market has been soft for the last several years – due largely to the back-to-back catastrophes of hurricanes Harvey, Irma and Maria – but which is now headed for a correction.   view article