Rising premiums add new strain to homelessness response
As homelessness in the United States continues to climb, the lack of affordable housing remains a key factor. While funding and zoning issues often dominate the conversation, non-profit housing providers are increasingly encountering another pressing challenge: rising insurance costs and limited coverage options.
Kristina Dorer, assistant vice president of property and casualty at Woodruff Sawyer, has seen firsthand how the insurance environment has shifted. She says the market for insuring low-income housing has grown more restrictive as carriers respond to repeated losses and legal exposures….