On this edition of Agency Nation Radio Podcast, Nancy Germond, Big “I" executive director of risk management and education, sits down with Karen O'Connor Corrigan, president and owner of O'Connor Insurance in St. Louis and one of the foremost experts on community associations, to discuss the multifamily housing market and the impact of the hard market on property & casualty insurance.

The Foundation for Community Association Research Factbook reported that 52.9% of U.S. housing was built prior to 1979, leading to aging roofs, failing plumbing, and more.

"The habitational market has long been claim-ridden," O'Connor Corrigan says. “High frequency, high severity—you know, the insurance covers accidents that are typically confined to one home, but now imagine it's spreading to your neighbors."

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