An infraction for distracted driving can cause insurance rates to increase as much as 23%, according to The Zebra.

Despite their ruling, the Colorado Court of Appeals added that "this case may present an opportunity for our supreme court to provide clarity on this question."

Insurance carriers are focused on creating better claims experiences for customers, but when disruptors like a global pandemic or the Great Resignation add pressure to operations, it presents a challenge.

Inflation is now viewed as the biggest threat to insurers' portfolios, according to Goldman Sachs.