Today we have a special guest who understands the complexities of the commercial insurance market from all angles. Tom Panos has been a leading commercial insurance broker for over 20 years, protecting the assets of real estate investors across property types and geographies.

Tom also keeps a close eye on the ever-changing insurance landscape. From evaluating loss ratios to analyzing the impacts of weather events and legal trends, Tom has an in-depth grasp of the factors driving carrier decisions. Tom's expertise and creative solutions have been invaluable for clients facing restricted underwriting and rising costs in this challenging market.

Tune in for more and learn how to make informed choices in this complex insurance landscape.

Highlights:

00:00 Intro

00:53 Who is Tom Panos?

03:18 The state of the insurance market

07:34 The rate increase trend and changes in coverage

12:53 The percentage of building limit

15:30 Things to consider when you’re choosing a lender

18:05 Self-insuring and builders risk

21:06 Wind hail deductibles change

26:04 Managing risk through reinsurance

31:22 Lender requirements and casualty insurance increases

35:28 Increased rates and limited options for building owners

37:35 The risk of podium-style construction

43:15 Understanding your options

47:15 How to get in touch with Tom

Get in touch with Tom Panos:

Email: tom.panos@bks-partners.com

Direct line: 847-940-4228

https://www.linkedin.com/in/tom-panos-340ab99/