A Can't Mis Article on Insurance Journal. Inflation costs $30b

[shawnmwalker]

Breaking Down Inflation’s $30B Impact on Insurers Line By Line

Breaking Down Inflation’s $30B Impact on Insurers Line By Line (insurancejournal.com)

3/4 of the 30b in Personal lines.
Results will get worst when they have another full year of data

Let me know what stuck out to you? How are you seeing the hard market play out in your agency?

 

[marindependent]

This caught my eye:

"Texas, California, Florida, Illinois, and Colorado are all places where your car is most likely to be gone in 60 seconds. Vehicle thefts have skyrocketed in many areas of the U.S..."
and
"Bakersfield, California also had...the highest theft rate in the U.S. – 1,024 thefts per 100,000 people."