Ansay & Associates' Greg Lawrence Shares Insight on Evolving Risks in the Broadcasting Industry

The insurance market continues to evolve as businesses navigate rising property values, increasing weather-related exposures, and emerging operational risks. In a recent Radio World article, Greg Lawrence, Commercial Lines Advisor at Ansay & Associates, shared his perspective on the challenges broadcasters are facing in today's insurance environment.

The article explores how broadcasters are responding to increasing insurance costs and changing underwriting requirements, particularly as critical infrastructure becomes more expensive to repair and replace. According to Lawrence, insurers are placing greater scrutiny on property exposures and the costs associated with rebuilding broadcast facilities

"Insurers are paying closer attention to catastrophic weather exposures and the rising cost of rebuilding towers and transmission infrastructure. Steel prices, labor costs and supply chain issues have all increased replacement values," said Lawrence in the article.

Lawrence also discussed the importance of proactive risk management and regularly reviewing coverage to ensure it aligns with an organization's evolving needs and exposures.

Read the full article.