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High Inflation Hiked P/C Claims Costs Up to 7.5% in 2022

March 24, 2023

High inflation alone led to an increase in property/casualty claims of 5-7.5%, across five key markets in 2022, according to Swiss Re research. “In 2023, we expect that inflation should lead to an additional increase of 3.5-6.5%,” said Swiss Re …

https://www.maddoxinsured.com/wp-content/uploads/2023/03/inflation-worry-and-financial-424473557-bigstock-580x299-1.jpg 299 580 wpmaddoxins https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.png wpmaddoxins2023-03-24 06:09:492023-03-24 15:00:52High Inflation Hiked P/C Claims Costs Up to 7.5% in 2022

U.S. P/C Industry Records $26.5 Billion Underwriting Loss in 2022

March 23, 2023

The U.S. property/casualty (P/C) industry recorded a $26.5 billion net underwriting loss in 2022, down $21.5 billion from the prior year’s underwriting loss of $5 billion, according to a report published by AM Best. The underwriting loss came despite an …

https://www.maddoxinsured.com/wp-content/uploads/2023/03/Profit-and-Loss-580x387-1.jpg 387 580 wpmaddoxins https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.png wpmaddoxins2023-03-23 09:07:072023-03-23 14:59:32U.S. P/C Industry Records $26.5 Billion Underwriting Loss in 2022

Scratched EV Battery? Your Insurer May Be Forced to Junk the Whole Car

March 20, 2023

For many electric vehicles, there is no way to repair or assess even slightly damaged battery packs after accidents, forcing insurance companies to write off cars with few miles – leading to higher premiums and undercutting gains from going electric. …

https://www.maddoxinsured.com/wp-content/uploads/2023/03/electric-vehicle-ev-charging-station-cityscape-460093713-bigstock-580x370-1.jpg 370 580 wpmaddoxins https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.png wpmaddoxins2023-03-20 06:04:272023-03-20 15:00:36Scratched EV Battery? Your Insurer May Be Forced to Junk the Whole Car

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Maddox Insurance Agency

Insurance Agency in Memphis, Tennessee

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2151 Courtland Place | Memphis, TN 38104

Licensed in Tennessee, Mississippi & Arkansas

Contact

Phone: (901) 335-0154
Fax: (901) 255-9141

Lee.Maddox@maddoxinsured.com

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