Recent events including the pandemic were, in many ways, defined by categorical health concerns, followed by government-triggered economic uncertainty and ultimately rising inflation. This unique event in world history has triggered economic ramifications, including a potential hike in insurance rates brought about by accelerated overall inflation. Today we’ll look at just the insurance component of overall inflation, although food and energy are more significant factors in the inflation calculation. It may be distressing to say, but insurance costs must keep up with the rate of inflation if their policies are to remain economically sustainable by the company. After all, there is nothing … [Read more...]