As natural disasters — such as wildfires, earthquakes, snowstorms and floods — become more frequent and intense, the number of disasters causing at least $1 billion in damage has climbed. From 2017 to 2021, the U.S. experienced almost 90 such natural disasters. The Gallagher Property Market Update for summer 2022 will help you understand how insurers have responded to these disasters and what changing risk management best practices insureds seeking an edge in the marketplace can implement.
Gallagher Property Market Update — Summer 2022
The information contained herein is offered as insurance Industry guidance and provided as an overview of current market risks and available coverages and is intended for discussion purposes only. This publication is not intended to offer legal advice or client-specific risk management advice. Any description of insurance coverages is not meant to interpret specific coverages that your company may already have in place or that may be generally available. General insurance descriptions contained herein do not include complete Insurance policy definitions, terms, and/or conditions, and should not be relied on for coverage interpretation. Actual insurance policies must always be consulted for full coverage details and analysis.
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