Commercial Property Rates Continue to Decrease
MacNeill is writing competitive policies with markets that continue to make underwriting changes as well as rate reductions to compete in today’s marketplace.
The top markets for property include Capacity Insurance, Western World, Scottsdale, Nautilus, and XL Catlin.
Because of these market changes we have higher submission rates and more premium written, giving our underwriters more flexibility. Some of the most noteworthy changes include rate reductions of up to .30 on wind rates and expanded in house binding authority up to $4 million TIV. Recently our E&S carriers have changed their underwriting guidelines to a one mile wind setback on better construction. We look forward to binding more Commercial Property policies while these rates continue to decrease.
Contact your underwriter today at (800) 432.3072 to submit a quote. Experience how MacNeill is ensuring your success!
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