Newer types of packages and products are on the horizon

The limited amount of carrier capacity to write policies for properties in high-risk zones has brokers working with insurers more than ever to find creative solutions for family offices, according to Lacey Garrison Strom (pictured), executive vice president, director of private client practice at Heffernan Insurance Brokers.

“You have fewer carriers to access for a $23 million home than you would with a two- or three-million-dollar home,” Garrison Strom said.

This is due to challenges with predictive modeling in illustrating how climate change may be a future threat in areas like Cali

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