Just in Case: Insurance and the strategies of risk management
The Weekly Take from CBRE
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Navigating Flood Risk and Insurance Complexity
This chapter explores the difficulties in accurately assessing flood risks due to outdated FEMA maps and political challenges in updating them. It emphasizes the evolving nature of insurance in evaluating risk quality and the significance of marketing resilient properties to attract tenants. The discussion also highlights the essential role of detailed due diligence in improving risk modeling accuracy, ultimately influencing insurance premiums and financial outcomes for property owners.
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