
Markets in Focus :: Energy Q3 2023
July 24, 2023
Property valuations are lagging behind true replacement costs due to labor shortages and supply chain disruptions resulting from the pandemic and inflationary pressures. As a result, underwriters are scrutinizing reported values and making frequent indexed valuation adjustments to protect against under-valuation. Energy companies are also facing increasing scrutiny in terms of Environment, Social, and Governance (ESG) practices, with a focus on reducing methane emissions and adopting environmentally beneficial measures. Learn more about how rising catastrophic losses, social inflation, and other factors are impacting the insurance market in the latest Markets in Focus :: Energy report.
The views and opinions expressed within are those of the author(s) and do not necessarily reflect the official policy or position of Parker, Smith & Feek. While every effort has been taken in compiling this information to ensure that its contents are totally accurate, neither the publisher nor the author can accept liability for any inaccuracies or changed circumstances of any information herein or for the consequences of any reliance placed upon it.
Twitter
LinkedIn
Facebook
YouTube