Storms Likely to Propel Property Insurance Rates

(from Lockton) Even excluding the ongoing fires in Northern California, the cumulative "insurable loss" from recent storms including Hurricanes Harvey, Irma and Maria could be as high as $120 billion, leading to eventual rate increases facing schools and other property owners. The biggest rate increases will affect "historically unprofitable property accounts," at 20 percent or more, but insurance carriers will need some time to assess the full extent of their losses. 

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