Managing Catastrophe Risks Amid Wave of Non-Renewals

Recent scientific findings suggest that the climate crisis may be worse than initially projected, which magnifies the importance of taking action to mitigate and remedy its effects.

According to Steve Pincus, national personal lines practice leader at Risk Strategies, the increased frequency and magnitude of natural disasters like wildfires, wind, flooding, hail storms and tornados have greatly affected the entire insurance market, including personal lines. This leads to virtually all insurance placements becoming more difficult to negotiate.

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