As seen in 2020 during lockdown periods, the appeal of urban living waned and consumers moved from certain states into others, according to Mark McElroy, of TransUnion, who explains: "The other part is people are moving from more densely populated areas to less dense ones." (Credit: Pressmaster/Shuttertstock.com)
The pandemic popped up a number of issues across the insurance spectrum, stretching from cybersecurity and workers' comp issues to traffic volume shifts. Garnering less attention are the long-term effects the insurance sector will see from migration to suburbs and rural areas and court backlogs.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
