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 Call Us: (800) 419-4923
 Call Us: +44 (0)20 3865 7701
 Call Us: (787) 822-8377
 Call Us: (437) 855-4925
Partner Engineering and Science, Inc.
Partner Engineering and Science, Inc.
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August 21, 2023

Addressing the Insurance Crisis Through Property Resilience

By Tony Liou, MBA

In May, State Farm announced they will no longer provide home insurance to new California customers due to wildfire risks and an increase in construction costs. Then in July, Farmers Insurance announced that they will stop offering policies in Florida due to the rising costs of covering properties in a hurricane-prone state.

This underscores a trend caused by the rise in claims due to natural catastrophes. As a result of escalating concerns regarding risks posed by climate change, insurers and lenders are developing a heightened sensitivity to the potential ramifications posed by such events. The withdrawal of larger insurance companies from certain markets has left property owners in a scramble to secure coverage since property insurance is required by lenders. But despite the exorbitant premiums (Florida’s commercial property rates may increase more than 40 percent in 2023), there is no assurance that insurance providers will deliver payouts in the aftermath of a natural disaster.

In this GlobeSt. article, published on  August 21, 2023, Tony Liou, founder and President of Partner Energy, a division of Partner Engineering and Science, discusses a concerning trend centered around property insurance and a rise in claims due to natural catastrophes.

About the Authors

Tony Liou, MBA

Tony Liou, MBA

President, Partner Energy
Tony Liou, MBA is Co-Founder and President of Partner Energy. The company helps clients identify, capitalize and implement energy efficiency and sustainability projects that meet business goals. As an advocate for energy efficiency programs and sustainable building practices that add value for managers and owners of commercial real estate (CRE) assets, he understands the business drivers behind energy efficiency and sustainability in CRE. He worked for 20 years in real estate acquisition and underwriting, engineering design, start-ups, and sales and marketing. When capital and public policy began to incentivize green project investment, Tony built Partner Energy with a team of professional engineers, architects, and sustainability consultants who know how to apply the technologies and programs that can make these investments profitable. He has guided the company to develop a range of service offerings that have helped clients reduce energy usage and energy costs at thousands of properties nationwide. Tony helped to establish one of the agency green loan programs through Fannie Mae and Freddie Mac. Through his efforts, Partner Energy is now a recognized provider of agency green loan services. Tony also shares his insights and discusses best practices at speaking engagements and in online articles. He presents at conferences and events sponsored by universities, industry groups, and non-profit organizations.

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