Explore the impact of a "hard" insurance market and the importance of accurate property valuations. Lori Flemming of CBIZ Valuation Group discusses how major events like Hurricanes Irma and Harvey affect premiums and underwriting. Learn more in the June 2024 issue of School Business Affairs by ASBO International. #CBIZValuation #InsuranceMarket #InsurancePremiums #FacilityManagement #PropertyValue
Explore the dynamics of a "hard" insurance market and its economic impact, alongside the critical importance of maintaining accurate insurable property values and regular facility appraisals. Lori Flemming of CBIZ Valuation Group delves into the cyclical nature of the insurance market, the shifts caused by major events like Hurricanes Irma and Harvey, and how organizations, especially school districts, can adapt to rising premiums and stringent underwriting standards. Learn why investing in detailed property valuations is essential for risk management and financial stability. Read more in the June 2024 issue of School Business Affairs magazine by ASBO International. #InsuranceMarket #InsurancePremiums #FacilityManagement #PropertyValue