Flood submission counts skyrocket amid inflation in reconstruction costs: Burns & Wilcox
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Flood submission counts skyrocket amid inflation in reconstruction costs: Burns & Wilcox

Kyoung-son Song
May 12, 2023
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Inflation-driven reconstruction costs are boosting demand for excess flood insurance in a dislocated market where carriers are reducing exposure, according to Burns & Wilcox.

During its Flood Insurance Market webinar, Burns & Wilcox Flood Practice underwriting manager Jacob Martin said markets are asking for 5%-7% minimum rate increases on reconstruction costs at renewals.

“I

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Kyoung-son Song
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