Stronger storms and surging seas are driving stricter terms for New England commercial properties
Rising seas and stronger storms have pushed commercial property insurers into a defensive posture. From Connecticut to northern Maine, coastal risk is no longer a hypothetical – it’s a pricing factor. Tony O’Donnell (pictured), senior vice president and commercial lines producer at Jencap, said the shift is visible in every policy term.
“You might be looking at a 3% to 5% wind deductible,” he said, referencing properties located on exposed barrier islands. “Or it could be something that’s on the coastline and sheltered, which may be a 1% or a 2% wind deductible.”