Loss costs concerns persist in Q2 as recession fears loom
Insurers are closely monitoring the uncertain loss cost environment that cropped up at the beginning of this year as supply disruptions persist, contributing to historically high inflation and exacerbating severity pressures, according to commentary during Q2 earnings calls.
As economic inflation threatens upward pressure on claims costs, social inflation is pushing loss costs even higher, with little sign there are any forces emerging that will disrupt escalating nuclear verdicts.
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