"Businesses expressed readiness to invest in heightened resilience highlights the economic impact of climate risk and the potential recovery costs," the Triple-I wrote in its analysis of the November 2023 Nationwide Agency Forward Commercial Lines Protection Survey. "This trend indicates a shift in the business community's stance toward predicting and preventing losses from climate risk, focusing on proactive risk management and stringent construction standards." (Credit: Lembergvector/Adobe Stock)
Insurance agents who serve commercial property owners play an integral role in helping these insureds adequately prepare for weather-related disasters, Nationwide reported in its recent Commercial Lines Protection Survey.
Survey results were compiled from interviews conducted with 500 commercial property stakeholders and 400 independent insurance agents in August and September 2023.
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Elana Ashanti Jefferson
Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].
