Tag: inflation in automobile

4
Feb

Why Are Auto Damage Claims Growing Twice as Fast as Inflation?

A new study by the Insurance Research Council (IRC) showed auto damage insurance claims increased at double the rate of inflation between 2010 and 2018. According to the “Patterns in Auto Physical Damage Insurance Claims” report, deductibles and policy limits didn’t grow in tandem with payment growth over the same period. Auto Damage Claims Soar 3.7% On average, insurance payments

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