Property Market update
Property Market update https://domrisk.com/wp-content/uploads/2023/04/property-update-1024x536.jpg 1024 536 Dominion Risk https://domrisk.com/wp-content/uploads/2023/04/property-update-1024x536.jpgRecent events have changed the trajectory of the E&S marketplace, especially for catastrophe-exposed property accounts. While it looked as though 2023 would bring a deceleration of rate increases, factors including CAT weather events, inflation, valuations, and reinsurance renewals have changed this path and we find ourselves in a continued hard property market for the foreseeable future. 2023 Catastrophic Property Events Whether you blame climate change or bad luck, catastrophic weather events have played a major…
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