Thursday Nov 30, 2023
S2-Ep 10: Navigate the Personal Lines Storm - Strategies to Tackle Soaring Rates in a Hard Market
As rising claim costs result in increasing volatility throughout the market, personal insurance lines such as home, auto, and umbrella coverage are impacted as well.
On this episode of Fast Break, Matt is joined by Jennifer Vanderlip, Amy Schroeder, and Kim Nichols from the M3 Elevate team for a personal insurance conversation. They discuss factors impacting the market today, including severe weather events, increasing car repair costs, and the rising cost of medical care. Tune in to learn what all this means for the future of the personal insurance market.
"Insurers will likely start adding mitigation requirements on a consistent basis...
from an eligibility perspective, you might start seeing them request things like water shutoff valves in order to qualify.”
- Jennifer Vanderlip, Personal Lines Lead with M3 Elevate
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Hosted by Matt Cranney, Executive Vice President of M3 Elevate.
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