Inflation has been a persistent issue in the United States, though it has moderated since its peak during the COVID-19 pandemic, while supply chain disruptions for equipment and other goods continue to add to insurance claim costs—and the financial impacts of tariffs and trade policies remain uncertain.
How will these global economic trends affect businesses and their insurance carriers? What advice can you give your clients to help them meet these challenges?
These are questions a few much-needed facts may begin to answer.
Rising Prices Pushing Claims Higher
Inflation has eased, but it is far