Franklin Street’s Michael Shadeed, Managing Director of Insurance Services, was recently interviewed by Shopping Center Business on how owners can navigate their insurance position through the current hardening insurance market. Below are excerpts from his interview:
“Over the past few years, we have seen a hardening of the insurance market, with coastal, more challenging asset classes, and loss affected assets seeing significant challenges. I would like to highlight the driving factors of how we got here and ways to think about circumventing the increased costs.”
Throughout the interview, Shadeed provides his expertise on the following factors:
- Property Values
- Natural Disasters
- Construction Costs
“All asset types have been affected by insurance, and we do not see any near-approaching softening of the market.”— Michael Shadeed, Managing Director of Insurance Services
Read the full article from the Shopping Center Business here.