Multi-Family Mid-Year Market Update

While the hard market is not over for multi-family, there is moderation in rate pressure and restrictive coverage terms for most lines. Carrier guidelines are becoming more fragmented by asset characteristics and location, as underwriters scrutinize every account in an effort to shore up losses in their habitational books. Aligning portfolios with the most competitive carriers and program structure must be evaluated on a case-by-case basis. In some instances, bifurcating portfolios has proven to be a favorable approach.

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This material has been prepared for informational purposes only and was generated from information provided to BKS from the client and/or third-party sources. Therefore, BKS makes no warranty or representation(s) as to the accuracy or appropriateness of the data and/or the analysis herein. This information is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your tax, legal and accounting advisors for those services.

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