U.S. property values for residential, commercial and industrial properties continue to increase faster than GDP growth and the general rate of inflation, says a new report from catastrophic risk management consulting and modeling firm Karen Clark & Co. The report, Increasing Concentrations of Property Values and Catastrophe Risk in the...
For example, six counties in the U.S. have more than $1 trillion of exposure each and, on a combined basis, account for more than 12% of the U.S. total.
Home Value Insurance Co. is now licensed in Oklahoma to provide an unusual type of homeowners' coverage intended to safeguard against dwindling property values.