Due to the increased frequency and severity of extreme weather events and inflation, property insurance prices remain high.
Cindy Stauffer, regional property practice leader at Marsh McLennan Agency, was recently quoted by Legal Dive on how insurance carriers are responding to new business applicants and how she recommends that companies position themselves to get the best coverage.
“It’s not just your values, but all the characteristics of your building. You want to differentiate your submission from the pile of submissions carriers have. Showing you have more solid risk mitigation practices in place than the average agency is still the name of the game,” said Cynthia.
