Professional Liability Reinsurance Costs Up 50% in Some Markets, As Underwriters Hone in on Agency Use, Access

Insurance costs for nursing homes, particularly for professional liability insurance, are increasing due to factors such as higher inflation, rising costs, and growing verdicts on liability claims, as well as staffing issues, while new carriers are entering the market; underwriters are also asking questions about staffing agencies and accessibility to care.

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9/7/2023

Rising Auto Insurance Costs Are Screwing Drivers Across The Country

The rising costs of doing business in the auto insurance industry in the U.S. are leading to increasing premiums for drivers due to expensive repairs, rising disaster-related claims, and higher used car prices.