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Deep Dive: The Impact of Inflation on the Commercial Insurance Market
Over the past year, inflation has become a growing concern. Inflation issues have largely resulted from a culmination of labor and supply trends brought on by the COVID-19 pandemic, and they are clearly reflected within the country’s rising Consumer Price Index (CPI). According to the latest data from the Bureau of Labor Statistics (BLS), the CPI for all urban consumers surged by 7% in 2021—representing the largest increase over a 12-month period since 1982. Inflation…