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y sound rates, they have grown to become “viewed as tools for promoting economic development in coastal areas and providing low-cost insurance,” the study stated. “As these residual markets grew, prices in the voluntary market were suppressed, and the gap between demand and supply widened as insurers were willing to insure fewer risks using artificially low rates.”Recommended Stories
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The Future of P&C Insurance: The Race to Contain Costs Amid Rising Catastrophic Losses
The P&C insurance sector is currently facing challenges. This eBook outlines the most pressing problems, the most promising solutions, and a few examples of these principles in action.
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Revolutionizing Claims Processing: How a Leading Insurer Transformed Water Mitigation Reviews
Discover how one insurer drastically improved the efficiency of their water mitigation claim reviews, reducing costs and time while enhancing decision-making. Learn how this approach can transform your claims process, making it faster, more accurate, and less resource-intensive.
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Distribution Channel Management Assessment
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