The issue of valuation is further complicated in catastrophe-prone geographies by the fact that thousands of insured businesses will be seeking construction and professional services, such as roofers and other trades, to begin repairs on their properties all at the same time. As a result, the costs of labor and materials will increase substantially, anywhere from 10-15%, which will directly impact loss costs. (Credit: Gorodenkoff/Shutterstock.com) The issue of valuation is further complicated in catastrophe-prone geographies by the fact that thousands of insured businesses will be seeking construction and professional services, such as roofers and other trades, to begin repairs on their properties all at the same time. As a result, the costs of labor and materials will increase substantially, anywhere from 10-15%, which will directly impact loss costs. (Credit: Gorodenkoff/Shutterstock.com)

Editor's Note: This article is the final installment of a four-part series from Zurich North America and focuses on the current and historical trends in commercial property lines. Previous articles examined commercial auto insurance, general liability and workers' compensation.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 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.

Commercial Lines