Miami has been hit with hurricanes and Los Angeles has endured devastating wildfires. Those are just two cities that have dealt with recent natural disasters throughout the U.S., which in addition to loss of life, have tallied billions of dollars in real estate damage. Despite the increasing frequency of these events, insurance companies are resisting a recent push from reinsurers to raise prices for property-catastrophe damage, according to the Wall Street Journal. Insurance companies take […]
source https://therealdeal.com/miami/2019/01/02/reinsurers-want-rates-raised-after-natural-disasters-tally-billions-in-real-estate-damage/#new_tab
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