Impact of Inflation on Insurance Rates
https://www.infarmbureau.com/inside-story/articles/what-is-the-impact-of-inflation-on-my-insurance The economic impact of COVID-19 affected industries from hospitality to travel. It also affected inflation rates. According to the U.S. Bureau of Labor Statistics, the U.S. economy suffered from “sectoral inflation,” which means a “rise in prices occurring in different commercial sectors of a country.” For example, the transportation industry (i.e., new vehicles, motor fuels, …