A new approach is emerging called "alternative risk financing." It's designed for good performers in the market who have sizeable, well-run portfolios that make few claims each year. (Credit: Shutterstock.com)
It's fair to say that until just recently, insurance was something the real estate industry didn't spend a great deal of time thinking about. Property owners and developers simply viewed it as a necessary evil. A box on the list to be ticked. But insurance is now ranked as high as number two or number three on the expense line items list, and a clear sense of strategy needs to be brought into play. Much like a baseball pitcher considers which type of ball to deploy.
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