Due to shortages in construction materials and labor, insurers can face delays when attempting to resolve claims. (Bannafarsai_Stock/Shutterstock) Due to shortages in construction materials and labor, insurers can face delays when attempting to resolve claims. (Bannafarsai_Stock/Shutterstock)

The effects of inflation, supply chain issues, labor shortages and elevated construction costs are felt across the entire insurance industry. Property, workers' compensation, liability and other lines of business all face higher costs to resolve claims.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Coverage & Policy Issues
Education & Training
Commercial Lines
E&S/Specialty