Starting October 1, tenants at the Port of Palm Beach will benefit from a 15-20% drop in property and casualty insurance premiums.
“This renewal is a win for everyone. Our tenants and the customers they serve,” said Port Executive Director Michael Meekins. “By keeping costs in check, we’re helping businesses at the Port remain competitive while ensuring everyday consumers don’t face higher prices.”
To achieve the savings, the Port recently appointed Arthur J. Gallagher & Company as its broker of record for Fiscal Year 2026. Gallagher not only reduced overall premiums but also increased insured property values to reflect today’s replacement costs.
The Port of Palm Beach remains committed to easing financial pressures on tenants, whenever possible, while protecting the critical infrastructure that powers South Florida’s economy.