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inflation Tag

Arthur Hall Insurance / Posts tagged "inflation"
20 Jul

Inflation and the Commercial Insurance Market

Over the past year, inflation has become a growing concern. Inflation issues have largely resulted from a culmination of labor and supply trends brought on by the COVID-19 pandemic, and they are clearly reflected within the country’s rising Consumer Price Index (CPI). According to the latest data from the Bureau of Labor Statistics (BLS), the CPI for all urban consumers surged by 7.9% in the last twelve months—representing the largest increase over this amount of time since 1982. Inflation issues could create a number of challenges in the commercial insurance market, affecting both insurers and their policyholders. With this in mind,...