As the election approached, some insurers started backing away.
Recently, several of the nation's largest commercial property insurers have put moratoriums on new insurance policies and renewals due to concerns about potential election-related "civil unrest," according to Garet Marr, director of Insurance Services for Franklin Street, which has an insurance portfolio of 400,000 multifamily units and 30 million square feet of commercial space.
"The insurance marketplace for commercial real estate has been going through a substantial correction, obviously," Marr says.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
