Addressing the Hard Insurance Market: Strategies for Boards (NY)

/ Owner - March 22, 2024

Rising insurance premiums and dwindling coverage have co-op and condo boards at the mercy of what’s called a “hard insurance market.” This is largely because insurers’ are trying to offset billion-dollar losses with higher premiums, lower coverage and exclusions. In the face of escalating costs, boards are forced to explore different ways to reduce liability and safeguard their communities.   Read the article…………………………….

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