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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