Several top insurers showcased double-digit premium growth in 2022 amid 'a very difficult operating environment.' (Credit: Nuthawut/Adobe Stock) Several top insurers showcased double-digit premium growth in 2022 amid ‘a very difficult operating environment.’ (Credit: Nuthawut/Adobe Stock)

As we were closing the August 2023 issue of NU Property & Casualty magazine, local news reports in my town highlighted several stories about dramatically higher homeowners and condo insurance premiums.

In one case, a condominium development where residents survived the brutal Marshall Fire in 2021 and are just beginning to rebuild, faced a situation in which their insurer refused to renew, forcing the association to piecemeal together coverage from several carriers and pay premiums that are 400% higher than the cost of their previous coverage.

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Elana Ashanti Jefferson

Executive Editor Elana Ashanti Jefferson is a veteran journalist and communications professional. She can be reached by sending email to [email protected].

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