Back to Media

Insurers Say U.S. Natural Disasters Caused $165B Worth Of Damage Last Year

Are your insurance premiums increasing? You’re not alone. Ben Mattlin explains that 2022 was the worst year for property and casualty insurers in over a decade in his recent FA-Magazine article.

Jennifer Kim contributed, explaining the macroeconomic factors of inflation and rising interest rates had a direct impact on liabilities. She shared, “While P&C insurers receive higher bond yields, any higher-than-expected claim costs for home, auto, or other insurance lines can put a large strain on earnings.” Read more here:–says-the-insurance-information-institute-71617.html