While Florida businesses work to reclaim a sense of normalcy in their operations, they should also be taking this time to look to the future and re-evaluate how they manage property risk. Parametric insurance policies may be a new alternative to a hard property insurance market. (Credit: Mia2you/Shutterstock.com)
As the property insurance market continues to harden with rising rates, underwriting criteria getting stricter and insurers writing fewer policies, parametric insurance may be an option for property owners and operators. Parametric has enormous potential to help close the protection gap — to begin covering severe, low-frequency risks that until now have gone largely unprotected.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
