Following the end of the 2017 hurricane season , commercial property insurance for North American residents is set to become more expensive . Hurricanes Irma and Maria alone caused as much as $135 billion in insured losses, according to modeling firm AIR Worldwide. 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 & Watson . Properties located in vulnerable areas which were not damaged could still have spikes of between 10 % and 20 % .
Following the end of the 2017 hurricane season , commercial property insurance for North American residents 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 & Watson . Properties located in vulnerable areas which were not damaged could still have spikes of between 10 % and 20 % .