Inflation Is Latest Driver of Rise in Business Insurance Costs


U.S. companies are paying extra for insurance coverage, however in contrast to different greater prices tied to inflation this has been occurring for a number of years now. The excellent news is the worth will increase seem like slowing.

Business insurance coverage costs within the U.S. rose 12% on common on this yr’s first quarter, in contrast with the year-earlier interval, in keeping with the Marsh brokerage unit of Marsh McLennan. Many companies have confronted double-digit annual price will increase since 2019, as insurers put a worth conflict behind them.


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