Insights

Mitigating the Growing Risk of Natural Catastrophes

Rising losses from natural catastrophes threaten both insurers and policyholders. Brokers are caught in the middle, having to explain premium price hikes while helping their clients secure coverage. Since the situation is likely to become worse, it is necessary to take action now to mitigate the growing risk of natural catastrophes.

Finding Insurance Solutions for Hard-to-Place Risks

Insurers have been reducing coverages, increasing rates, and in some cases, pulling out of difficult and unprofitable markets. As a result, some policyholders are receiving notices of nonrenewal, and many are having trouble securing the coverage they need at a rate they can afford. This puts business owners, homeowners and the brokers who serve them in a difficult position, but even in this difficult market, there are insurance solutions that can help.

Costero Brokers
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