Inflation trends have kept pressure on rates: Markel’s Whitt
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Inflation trends have kept pressure on rates: Markel’s Whitt


Markel co-CEO Richie Whitt told analysts on Wednesday that rising levels of inflation are extending the upturn in the cycle, as industry discussions among executives continue to circle around whether rate adequacy has been achieved or if the upward trend still has room to run.

“I think we've been at rate adequacy for quite a while,” Whitt said. “I do think there is concern in the industry around just what may happen with claims inflation, social inflation and things of that sort.

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