What Latest Inflation Report Shows Overall and for Auto Insurance, Medical Costs August 14, 2024 The U.S. Bureau of Labor Statistics reported today that the Consumer Price Index (CPI) increased 0.2 percent in July, after...
Hard Market Conditions Expected to Ease in 2025 as Claims Inflation Softens: Swiss Re July 18, 2024 By L.S. Howard Hard market conditions in the global non-life insurance sector will continue this year, but will begin to ease in 2025,...
Fed’s Powell Downplays Potential for a Rate Hike Despite Higher Price Pressures May 16, 2024 By Christopher Rugaber Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in...
Viewpoint: The 10 Major Risks Shaping Insurance Today May 8, 2024 By Robert Muir-Wood I readily admit that lists of top risks, top threats, and opportunities for insurance are well-trodden ground, and ranking risks...
Inflation Continues to Increase Insured Property Exposures Globally: PERILS April 16, 2024 Inflation continues to have an effect on property exposures with sums insured for European windstorm increasing by 10.1% year-on-year at...
Vehicle Complexity, Labor ‘Reshaping’ Auto Insurance and Collision Repair: Report April 9, 2024 By Don Jergler New technologies and rising labor costs are putting pressure on auto insurance carriers and auto repairers by making repairs more...
If US Inflation Reflected Rising Home Insurance Costs, It’d Be Even Higher April 9, 2024 By Zahra Hirji If the rising price of homeowners insurance were factored into the US Consumer Price Index — a key metric of...
Inflation Contributes to Rising Loss Costs for US Commercial P/C Insurers: Fitch April 9, 2024 By L.S. Howard Inflation is bringing rising loss costs for US commercial property/casualty insurers, according to Fitch Ratings, which reviewed reports from three...
US Inflation Up Again in February in Latest Sign Price Pressures Remain Elevated March 14, 2024 By Christopher Rugaber Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge for the...
AM Best Maintains Stable Outlook for U.S. Property/Casualty Commercial Lines December 6, 2023 Persistently strong underwriting performance during and after the global pandemic – despite substantial economic and capital markets volatility – has...