I can see Cyber rates increasing due to the massive hacking going on with numerous businesses and government entities. I wonder why Property Rates are declining because as we are told, Global Warming is causing all kinds of problems worldwide.
Agent, we aren’t seeing decreased property rates in our part of Texas yet. I read the articles about rate reductions, but haven’t seen evidence of it yet. Percentage deductibles are the norm now and they run from 1% to 4%. It’s rough.
I can see Cyber rates increasing due to the massive hacking going on with numerous businesses and government entities. I wonder why Property Rates are declining because as we are told, Global Warming is causing all kinds of problems worldwide.
Agent, we aren’t seeing decreased property rates in our part of Texas yet. I read the articles about rate reductions, but haven’t seen evidence of it yet. Percentage deductibles are the norm now and they run from 1% to 4%. It’s rough.