{"id":8193,"date":"2023-04-17T12:17:08","date_gmt":"2023-04-17T17:17:08","guid":{"rendered":"https:\/\/www.bbrown.com\/case-study\/reduced-property-insurance-rate-despite-hard-market\/"},"modified":"2023-04-17T12:17:08","modified_gmt":"2023-04-17T17:17:08","slug":"reduced-property-insurance-rate-despite-hard-market","status":"publish","type":"case_study","link":"https:\/\/www.bbrown.com\/ca\/case-study\/reduced-property-insurance-rate-despite-hard-market\/","title":{"rendered":"Brown & Brown Negotiates Reduced Property Insurance Rate Despite Hard Market"},"content":{"rendered":"

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Case Study<\/p>\n

\n Brown & Brown Negotiates Reduced Property Insurance Rate Despite Hard Market\n <\/h1>\n\t\n <\/div>\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\t<\/div>\n\n\t\n[\/vc_column][\/vc_row][vc_row row_padding_bottom=”pb-2″ full_width=”stretch_row” equal_height=”yes” content_placement=”bottom”][vc_column width=”1\/4″][vc_single_image image=”791″ img_size=”full”][\/vc_column][vc_column width=”3\/4″]\n
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\n The Request\n <\/h2>\n\t\n <\/div>[vc_column_text]Company Profile
\nIndustry: U.S. County\/Public Entity
\nRevenue: $2.6B – Property Value<\/strong><\/p>\n

After a state-wide search for a new broker, Brown & Brown was chosen to manage all property and casualty insurance for a state county. Going into a challenging property market, Brown & Brown was tasked with finding cost savings and helping to service the county\u2019s unique exposures.[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_padding_bottom=”pb-2″ full_width=”stretch_row” equal_height=”yes” content_placement=”bottom” css=”.vc_custom_1638896243466{background-color: #eaeaec !important;}”][vc_column width=”1\/4″][vc_single_image image=”794″ img_size=”full”][\/vc_column][vc_column width=”3\/4″]\n

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\n The Solution\n <\/h2>\n\t\n <\/div>[vc_column_text]Brown & Brown completed a detailed analysis of the county\u2019s property exposures, coverages and losses. The team helped negotiate improvements in 22 sublimits, removed a margin clause limitation and placed blanket coverage for all insured locations. In addition, the property team improved the definition of Named Windstorm to include storm surge and increased the Extra Expense limit and Errors & Omissions.[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_padding_bottom=”pb-2″ equal_height=”yes” content_placement=”bottom”][vc_column width=”1\/4″][vc_single_image image=”792″ img_size=”full”][\/vc_column][vc_column width=”3\/4″]\n
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\n The Results\n <\/h2>\n\t\n <\/div>[vc_column_text]Despite a challenging property market, Brown & Brown helped reduce the property insurance rate by 2%, yielding an annual premium savings of nearly $300,000. The team accomplished this while improving limits and broadening definitions that benefited the city.[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_padding_top=”pt-2″ equal_height=”yes” content_placement=”middle”][vc_column][vc_single_image image=”1423″ img_size=”medium” onclick=”custom_link” img_link_target=”_blank” link=”https:\/\/www.bbrown.com\/wp-content\/uploads\/2023\/04\/Case-Study-\u2013-Pubilc-Entity-1-\u2013-Brown-Brown-Web.pdf?ver”][\/vc_column][\/vc_row][vc_row][vc_column]\n
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Ready to help minimize your risk and uncertainty?<\/p>\n

\n Contact us for more information.\n <\/h2>\n\t\n <\/div>\t
\n\t\t\t\t\t\n\t\t\t\tContact Us<\/span>\n\t\t\t<\/a>\n\t\t\t<\/div>\n[\/vc_column][\/vc_row][vc_row][vc_column][vc_separator][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]DISCLAIMER:<\/span>\u00a0<\/span>Brown & Brown, Inc. and all its affiliates, do not provide legal, regulatory or tax guidance, or advice. If legal advice counsel or representation is needed, the services of a legal professional should be sought. The information in this document is intended to provide a general overview of the topics and services contained herein. Brown & Brown, Inc. and all its affiliates, make no representation or warranty as to the accuracy or completeness of the document and undertakes no obligation to update or revise the document based upon new information or future changes.<\/span>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Going into a challenging property market, Brown & Brown was tasked with finding cost savings and helping to service the county\u2019s unique exposures. See the results.<\/p>\n","protected":false},"author":66,"featured_media":8194,"template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"service":[12],"industry":[72],"location":[17],"class_list":["post-8193","case_study","type-case_study","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\nBrown & Brown Negotiates Reduced Property Insurance Rate Despite Hard Market - Brown & Brown<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bbrown.com\/ca\/case-study\/reduced-property-insurance-rate-despite-hard-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brown & Brown Negotiates Reduced Property Insurance Rate Despite Hard Market\" \/>\n<meta property=\"og:description\" content=\"Going into a challenging property market, Brown & Brown was tasked with finding cost savings and helping to service the county\u2019s unique exposures. 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