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Run Time: 4:20
in Editors' Featured, MyNewMarkets

Plenty of Capacity for Construction in Cat-Prone Areas

Michael Pilla, CEO of Ryan Specialty Group's Technical Risk Underwriters says the construction segment is rebounding everywhere, even along the risky coastal and cat-prone zones. Because of that, capacity is increasing and pricing is not for risks in these areas. The company writes builders' risk, standalone earthquake DIC for fixed and completed property, as well as some flood for completed property. In this video, Pilla discusses new trends in the building market and how these trends are affecting the insurance industry.

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