Sunday, July 6, 2025
  • PRESS RELEASE
  • ADVERTISE
  • CONTACT
Happy With Car
No Result
View All Result
  • HOME
  • AUTO NEWS
  • AUTOMATIIVE REVIEWS
  • NEW CARS
  • CAR MARKET
  • CAR BRANDS
  • TECHNOLOGY
  • INSURANCE
  • FINANCE
  • VIDEOS
Happy With Car
No Result
View All Result
Triple-I Blog | Auto insurance rates impacted by labor crunch, supply chain disruptions

Triple-I Blog | Auto insurance rates impacted by labor crunch, supply chain disruptions

by admin
June 17, 2021
in Insurance
0 0
0
Share on FacebookShare on Twitter


Triple-I Blog | Auto insurance rates impacted by labor crunch, supply chain disruptions

In a latest interview with CNBC, Dr. Michel Léonard, Triple-I vp and senior economist, defined how the return to pre-pandemic driving ranges is leading to increased auto accident charges.

Extra accidents imply a bigger quantity of dearer claims for insurers to pay due to increased restore prices, delays in restore time attributable to chip shortages, provide chain disruptions and a labor crunch.

The buyer value index confirmed that the auto insurance coverage index was up 16.9 p.c in Might from the earlier yr, following a 6.4 p.c rise in April from the earlier yr.

Elyse Greenspan, a managing director at Wells Fargo, mentioned the year-over-year improve resulted from the premium base in Might 2020, reflecting pandemic-related refunds. Triple-I evaluation reveals that because of the sharp declines within the variety of miles pushed, U.S. auto insurers returned $14 billion to their prospects final yr.

Greenspan describes the present auto insurance coverage market as nonetheless comfortable even after latest fee will increase. Not all insurers are elevating charges, she added. “It’s nonetheless an excellent surroundings for shoppers who’re buying auto insurance coverage.”



Source link

Tags: AutoBlogChaincrunchdisruptionsimpactedinsuranceLaborratessupplyTripleI

Related Posts

IC to hike motor vehicle insurance premium
Insurance

IC to hike motor vehicle insurance premium

July 6, 2025
Police Blotter: July 5, 2025 – Pine and Lakes Echo Journal
Insurance

Police Blotter: July 5, 2025 – Pine and Lakes Echo Journal

July 5, 2025
Insurance-linked securities go parametric | The Star
Insurance

Insurance-linked securities go parametric | The Star

July 5, 2025
Fraser Allport Educates Retirees on Key Differences Between Annuities, 401(k)s, and IRAs – Insurance Industry Today
Insurance

Fraser Allport Educates Retirees on Key Differences Between Annuities, 401(k)s, and IRAs – Insurance Industry Today

July 4, 2025
Michigan officials urge safety during Fourth of July celebrations
Insurance

Michigan officials urge safety during Fourth of July celebrations

July 4, 2025
Car Insurance in New Mexico Just Got a Major Update » Live Insurance News
Insurance

Car Insurance in New Mexico Just Got a Major Update » Live Insurance News

July 3, 2025
Load More
Next Post
A look at the car of the future – What’s new?, Auto News, ET Auto

A look at the car of the future – What’s new?, Auto News, ET Auto

SsangYong facelifts Musso workhorse, prices rise 00

SsangYong facelifts Musso workhorse, prices rise $1000

Categories

  • Auto News (3,397)
  • Automative Reviews (1,920)
  • Car Brands (2,046)
  • Insurance (3,415)
  • Market (1,599)
  • New Cars (2,141)
  • Technology (2,012)
  • Videos (2,123)
Happy With Car

Find the latest automotive news. Read car news from the auto industry including auto shows, latest vehicles, future cars and more.

Categories

  • Auto News
  • Automative Reviews
  • Car Brands
  • Insurance
  • Market
  • New Cars
  • Technology
  • Videos

Recent News

  • 118 Hatch gets Sport Collection treatment
  • IC to hike motor vehicle insurance premium
  • Police Chase Escape x Bmw i8 Car? #carsimulator2 #cargames #bmwi8 #bmw #cargames3d #cargame
  • Home
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact

Copyright © 2020 Happy With Car

No Result
View All Result
  • HOME
  • AUTO NEWS
  • AUTOMATIIVE REVIEWS
  • NEW CARS
  • CAR MARKET
  • CAR BRANDS
  • TECHNOLOGY
  • INSURANCE
  • FINANCE
  • VIDEOS

Copyright © 2020 Happy With Car

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In