APCIA Says Property Insurance Market ‘Hardest in a Generation’ March 28, 2023 By Jim Sams A combination of historic high inflation and a growing frequency of natural catastrophes is creating the hardest market in a...
Swiss Re: Inflation Pushed P/C Claims Costs Up by as Much as 7.5% March 24, 2023 High inflation alone led to an increase in property/casualty claims of 5-7.5%, across five key markets in 2022, according to...
Costs Prompt Cedar Rapids to Assess Flood Control Efforts March 13, 2023 By Marissa Payne CEDAR RAPIDS, Iowa (AP) — High inflation and construction cost spikes are prompting city officials to study the impact of...
Bad Driving, Inflation Among Factors Pushing Increase in Auto Loss Ratios October 26, 2022 By Jim Sams US auto insurers are coping with the largest direct loss ratio in 20 years because of factors that include historic...
Viewpoint: Detecting Inflation-Driven Fraud in Insurance Claims October 14, 2022 By Lumi Ishikawa and Joe Aldous Following the easing of Covid pandemic restrictions, we are now facing a fresh “cost of living crisis” created by rising...
CCC: Surge in Gas Prices Won’t Curb Rising Auto Claims Costs August 2, 2022 By Claims Journal staff Elevated prices for replacement parts and a shortage of technicians are among the factors that will likely offset any decrease...
GM CEO Predicts Company Will Surpass Tesla as Electric Vehicle Leader July 19, 2022 By Tom Krisher NEW YORK (AP) — The economy is a bit wobbly, but General Motors CEO Mary Barra isn’t backing off of...
Sedgwick: Attorneys Involved in Claims Sooner and More Often April 13, 2022 By Claims Journal staff Attorneys are involved in a growing share of insurance claims and they are being retained much sooner, Sedgwick said in...
Inflation a ‘Major and Growing Concern’ for Reinsurers April 5, 2022 With buyers’ needs for capacity stable and remaining within the collective appetites of reinsurers, April 1 reinsurance renewals were orderly,...
APCIA: Inflation Outpacing Premium Increases for Auto and Homeowners Lines March 7, 2022 By Jim Sams US Insurers — already hammered by extraordinary losses caused by natural disasters — are also failing to raise premiums at...