Three Ways Banks Can Address the Risks of Unaffordable and Unavailable Insurance

Whether it’s shockingly higher premiums or difficulty finding coverage at all, businesses and homeowners everywhere are affected by today’s unforgiving insurance market. Because insurance is an indispensable tool used by banks to mitigate lending risk, they could feel the impact too. The RMA Journal has launched this series to examine how. This installment discusses three ideas for banks to consider as borrowers feel the strain of more expensive and difficult-to-secure property coverage….