Higher construction material and labor costs have increased loss severity for homeowners and commercial property insurers, resulting in higher ex-catastrophe combined ratios by 2022, according to Moody’s Investors Service. Insurers are raising coverage levels and rates, but not nearly enough to cover rising construction costs. Catastrophes will also continue to shape the outcomes for these… Continue reading Moody’s Report: Inflation Squeezes Homeowners, Commercial Property Insurance Carriers
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