Only a disaster can save them now

We’ve had floods, freezes, fears of vandalism, fire brigade cuts and an epidemic of cannabis factories… but still the market for commercial property insurance refuses to harden while claims costs climb. But in this piece for Insurance Times, I discovered that for insurers, the worst may be yet to come. As the property underwriting manager for Zurich told me: “There’s too much capacity, and it’s hard to know what will change that, unless there is a major catastrophe.”