Why Insurance Costs Are Rising and What That Means For CRE
10.27.2023
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Buying
Mounting Climate Risk is Altering Commercial
Real Estate Investment Strategies
Hurricane Idalia was the latest in a recent string of disasters that inflicted more than $1 billion in property damages. Beyond the impact to real estate, Idalia and other weather events have caused owners’ insurance to rise drastically in several states, which will have implications for demographics and investment. The growing incidence of natural disasters may, over time, motivate investors to place more emphasis on geographic diversification to manage this long-term risk.
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