Higher construction costs pose threat as cat season ensues: Markel
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Higher construction costs pose threat as cat season ensues: Markel

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Supply-chain bottlenecks and other indirect effects from the pandemic have the potential to amplify first-party property damage claims and third-party construction liability costs as cat season rages, a new report from Markel warns.

Though the commercial property market appears to have staved off most worst-case Covid-19 loss scenarios, economic inflation in recent months has surged to its highest level in three decades, according to recent CPI data.

The

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