Auto Rates Are Accelerating! Supply chain delays, labor shortages and rising bodily injury costs are major contributors to commercial auto rate increases. Understand the drivers with our detailed analysis.
The Verdict Is In! Social Inflation Is “Guilty”From 2015 to 2020, the median cost of a jury award over $10 million increased by 35%, from $20 million to $27 million.* We’ve identified four trends potentially impacting bodily injury cases this year. Read more here!
The relationship among COVID-19 and the insurance industry is complex, but here is a great article that breaks downs and explains the issues at hand
Current Insurance Trends
Right now property insurance continues to rise with no signs of stopping, to learn more about this issue click here!
RATING INSURACE TRENDSNavigating a Web of Factors: Natural disasters, supply chain disruption, inflation, skilled labor and nuclear verdicts are some of the driving forces behind the rising cost of insurance. Our team at Travelers researched and identified the key factors behind these increases for commercial property, excess liability and commercial auto, read about it here!