P/C Carriers Hit By Inflation, Supply Chain and Riskier Driving Behavior
Michel Léonard, PhD, CBE, Chief Economist and Data Scientist, and head of Triple-I's Economics and Analytics Department, discussed key macroeconomic trends impacting the property/casualty insurance industry results. The average replacement costs for P&C lines is 16.3 percent, nearly twice the U.S. average CPI of 8.5 percent, "he said, noting that while the...