AGCS report warns of widening valuation gaps amid inflation
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AGCS report warns of widening valuation gaps amid inflation

Allianz Global Corporate & Speciaty AGCS logo new york.jpg

The prospect of underinsurance is a “pressing concern” in the current inflationary landscape and is becoming a major discussion in renewals during 2022, according to a report from Allianz Global Corporate & Specialty (AGCS).

AGCS said that the insurance market had already seen claims where there was a “significant gap” between declared values and actual replacement value, citing as an example a property destroyed in the 2021 Colorado wildfires where the rebuild cost...

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