Published August 2023
The withdrawal of larger insurance companies from certain markets has left property owners in a scramble to secure coverage since property insurance is required by lenders. While insurance policies and premiums may require time to catch up with property resiliency efforts, property owners and investors should consider proactively upgrading their properties.
In this Globe St. article, Tony Liou, founder and President of Partner Energy, delves into why insurance companies should consider property resilience measures when underwriting, and what owners should do in the meantime to protect their assets.