Xactware News

How Material, Labor Price Hikes Are Affecting Property Insurance

The COVID-19 pandemic is causing a sharp increase in the price of materials and labor and driving increases in property claim costs, experts said during a webinar hosted by ATI Restoration last week. “We’ve never seen lumber move this drastically …

Demand Surge Not An Issue For Sandy; Property Losses Near $19B

Although demand surge was an issue for the property/casualty industry following a trio of hurricanes in 2005, for Superstorm Sandy the demand-surge impact is minimal so far, an expert said recently. There has only been a price impact of 2 …