Insurance Business America published an article and interviewed Teri Colburn VP, Broker of Breckenridge Insurance Services on how the standard property insurance market is going through a tough cycle after natural catastrophes and extreme weather events have resulted in dramatic spikes of property insurance rates, both in personal and commercial lines, across the United States. At the same time, the excess and surplus (E&S) property market isn’t getting any relief as increased submission volume means underwriters can be more selective and larger loss limits are looking increasingly less attractive.
