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BLOG / 03.21.24 /Kenneth R. Jacobs
Ken Jacobs Featured in Habitat Magazine Addressing the Hard Insurance Market: Strategies for Boards
Rising insurance premiums and dwindling coverage have co-op and condo boards at the mercy of what’s called a “hard insurance market.” This is largely because insurers’ are trying to offset billion-dollar losses with higher premiums, lower coverage and exclusions. In the face of escalating costs, boards are forced to explore different ways to reduce liability and safeguard their communities.
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