Recent legislation will not magically bring insurance companies back to the market overnight, but it can bring short-term relief and long-term stability.

From 2002-2022, physical damage and bodily injury claims grew more than 4.5%, annualized, the Insurance Research Council reports.

Determining a client's property and environmental insurance needs, requires assessing and accounting for their risk exposure today and in the future.

"With negotiations concluded, Allstate ultimately paid $500,000, which was $400,000 more than what the company was contractually required to pay," said plaintiff counsel.