The American Property Casualty Insurance Association details how riskier driving habits and rising costs are impacting auto and property insurance and driving higher rates.
Facing the fastest rise in inflation since the 1980s, along with rising auto and homeowners insurance losses and supply chain disruptions, insurers and consumers are experiencing strong upward pressure on insurance rates, according to the American Property Casualty Insurance Association (APCIA).
More details regarding recent insurance inflation trends and what it means for insurance rates and claims can be found in APCIA’s latest papers:
Property Insurers Challenged Amid Skyrocketing Inflation and Natural Disasters, and
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