Inflation that has sent the cost of groceries and rent soaring over the past three years is now surfacing in health insurance.
Tag: inflation
The Fight for Price: Middle-Market Risks Shop Their Insurance Programs
Ballooning reinsurance costs, weather events resulting in claims and heightened property values are all contributing factors to rising property insurance premiums.
AM Best: Secondary Perils, Inflation Underlie Volatile Operating Results for U.S. P/C Mutual Insurers
Although rated U.S. property/casualty mutual insurance companies saw notable premium growth in 2022, carriers still recorded a $31 billion underwriting loss due to higher claims costs amid elevated inflation, according to a new AM Best report.
Inflation Top Concern Among Middle Market Firms: Chubb
Three-quarters of middle market companies say they are considering an increase in their coverage amounts to ensure adequate protection against potential losses due to inflation, according to the Mid-Year 2023 Middle Market Indicator from Chubb and the National Center for the Middle Market (NCMM).
Hard Market, Inflation Continue to Boost Agency Organic Growth, Says Reagan Consulting
The independent insurance agent and broker channel posted organic growth of 11.2% in the second quarter of 2023 — once again exceeding its previous high-water mark of 11.1%, set in Q1 2023. Moreover, profit margins were high.
Business Insurance Roiled by Climate, Inflation
Business insurance has been roiled by severe weather and inflation, the same forces disrupting home insurance markets in catastrophe-prone areas of the U.S., with companies facing tougher conditions as they try to insure their properties against disaster.
Insurance Prices Will Keep Rising for ‘A Couple of Years at Least’
Inflation will drive insurance prices higher for “a couple of years at least”, Patrick Gallagher, chief executive, Gallagher, has said.
More Inflation, Less Flo, Can Be Winning Combo for Progressive
One of the fastest rising inputs in the consumer-price index released this week was the cost of auto repair. Also rising? The cost of auto insurance.
Nationwide Latest Major U.S. Insurer to Pull-Back, Citing Cat Weather Losses & Inflation
Nationwide Mutual Insurance is the latest major US carrier to announce that it is pulling-back, due to catastrophic weather losses and inflation among other reasons.
Is a Corporate Credit Crunch Just Getting Started?
Signs are mounting that credit is drying up in pockets of the economy at a worrisome rate.