Storms & Reinsurance: Unveiling the Factors Behind Rising Insurance Premiums
Are you a public adjuster trying to make sense of the surging insurance premiums?
This week's episode of the Commercial Claims Show is brought to you by Black Diamond Housing Services, The Farber Law Firm, Iink, and Noble Tax Strategies.
Join us on this eye-opening journey as Vince presents a must-watch video explaining the three pivotal reasons behind the escalating insurance premiums impacting policyholders nationwide.
Let's take a sneak peek at what you'll discover in this informative video:
👉 Soaring reinsurance prices.
Don’t know what reinsurance is? Watch the video to find out!
👉 The economic impact:
The nation grapples with inflation and economic challenges and the repercussions are felt across various industries, including insurance.
👉 Climate Change or Coincidence?
Learn about the potential implications of climate change on storm occurrences and how it shapes the risk landscape for catastrophic hurricanes.
When you can understand why insurance premiums are rising, you will also be able to advise your clients on what to do to keep the premiums from increasing even more.
Join us in watching this video and become the public adjuster your clients need!
TIMESTAMPS:
00:00 INTRODUCTION
3:23 How are reinsurance premiums affecting insurance rates?
5:07 Why are Florida's insurance premiums the highest?
6:37 What's the impact of inflation and construction costs on insurance?
8:17 Is there a connection between climate change and insurance rates?
12:41 How can consumers better understand their insurance policies?
13:44 Are there more insurance options available than we know?
15:07 How can homeowners get discounts on their insurance?
15:32 Why are insurance premiums rising?
#publicadjuster #insuranceclaim #insurancepremium
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► Noble Tax Strategies & Wealth Planning - https://bit.ly/NobleTaxStrategies
► The Farber Law Firm - https://bit.ly/thefarberlawfirm
► iink - https://bit.ly/iinkPayments
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