Dark storm clouds on horizon
Despite business owners being more worried about severe weather than ever before, over a quarter have decided to cut their insurance protections, according to a recent Nationwide survey.
Twenty-seven percent of business owners knowingly carry inadequate coverage, the data showed, while 42% say they would cut coverage to lower premiums. At the same time, 67% of property stakeholders expressed concern about the rise in extreme weather events. In wildfire and hurricane zones, concern jumps to 93% and 86% respectively.
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Joe Toppe
Joe Toppe serves as managing editor of PropertyCasualty360.com. Joe is also a father of three, an author, and longtime lover of baseball.
