Why development insurance coverage is dealing with a reckoning within the western US

As Acrisure’s development director for the West, Matt Honea (pictured) is seeing firsthand how the foundations of engagement within the sector are being rewritten. He oversees a group of prime development advisors throughout 14 states, together with high-risk markets like California, Arizona, and Washington, the place carriers are grappling with social inflation, climate-driven losses, and mounting litigation.