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November 17, 2022

Outlook 2023: Today’s industry trends will impact next year’s property insurance rates

  • Real estate businesses have an opportunity to reduce their risk and potentially their premium rates by increasing their diligence in risk management efforts.
  • By GREG FLOYD
    Hub International

    Floyd

    High vacancy and inflation rates, rising construction costs and a greater frequency of property claims aren’t going to go away in 2023. For this reason, real estate owners and operators will want to position their portfolios in a way that reduces risk while creating a better risk profile ahead of the 2023 renewal. Here are some of the top trends that will continue into next year and how your business can combat their risks.


     
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