In this episode of Reassurance, I’m joined by Amanda Martinez, one of our fantastic brokers here at BCU Risk Advisors. Amanda dives into what’s happening in today’s personal insurance marketplace—specifically for high-net-worth individuals and families. From rising insurance rates and labor costs to weather-related risks and evolving auto technology, she breaks down the “why” behind the increases we're all seeing in our premiums.We talk about major trends: the ongoing labor shortage, material cost volatility, claims delays (like the 41-month rebuild in Florida), and how social inflation and distracted driving are pushing up auto liability claims. Amanda also highlights the growing use of excess & surplus lines carriers, particularly in high-risk states like California and Florida, and the importance of working with a knowledgeable broker in those cases.Plus, we explore how our clients’ passions—whether it’s art, jewelry, wine, boats, or sports memorabilia—impact their coverage needs, especially when it comes to collecting and estate planning. Education is everything, and this episode is full of actionable insights to help you protect what matters most.Visit us at www.bcurisk.com to learn more

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