Following the devastation of the Atlantic hurricane season, commercial property insurance for North American policyholders is set to become more expensive. Rates could rise by between 10% and 20% next year for properties that suffered damage from Willis Towers Watson , Harvey and Harvey , according to brokerage Willis Towers Watson . Properties located in vulnerable areas which were not damaged could still face spikes of as much as 25% .
Following the devastation of the Atlantic hurricane season, commercial property insurance for North American policyholders is set to become more expensive. Rates could rise by as much as 25% next year for properties that suffered damage from hurricanes Maria, Irma and Harvey, according to brokerage Willis Towers Watson. Properties located in vulnerable areas which were not damaged could still face spikes of between 10% and 20%.