Rising Insurance Costs Another Blow to Bruised Apartment Landlords by Will Parker

Insurance premiums for apartment buildings have been rising faster than for the rest of commercial real estate, further squeezing landlord profits during a challenging period to collect rent.

Renewal rates for multifamily insurance increased 33% on average over the past year, compared with 23% for the real-estate sector at large, according to insurance brokerage Marsh, a unit of Marsh & McLennan Cos.

Read the Full Article Here