Impact Of An Inflationary Economy On Inland Marine-Impact Of An Inflationary Economy On Inland Marine

Video Transcription

Video Summary

Today's virtual panel discussion on the impact of inflation and the economy on inland marine insurance covered a wide range of topics, including supply chain constraints, labor shortages, and the implications of catastrophic events like wildfires and hurricanes. The panelists discussed the challenges facing the construction industry, especially in projects requiring wood frame construction, and highlighted the importance of early communication with insurers to navigate changes in capacity and terms. The discussion also touched on trends in lender requirements for new construction and the increasing need for valuation accuracy in contractor's equipment insurance. Overall, the panel emphasized the importance of proactive risk management, effective communication, and adaptability in the face of evolving insurance market conditions.

Asset Caption

Date of Publication: November 4, 2022
Duration: 74 minutes

Hosted by the Pacific Coast Advisory Committee - San Francisco Region.

This webinar focuses on the impact of a down economy, the effect of reduced cash flow on claims, strategic insurance purchasing, and how economic downturn will effect buildings under construction/renovation.

Meta Tag

Module Inland Marine Insurance Industry

Keywords

virtual panel discussion

inflation

economy

inland marine insurance

supply chain constraints

labor shortages

catastrophic events

construction industry

wood frame construction

insurers

risk management