Auto insurer claim payouts skyrocket due to inflation increases: Triple-I
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Auto insurer claim payouts skyrocket due to inflation increases: Triple-I

Hal Stucker
September 28, 2023
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US personal and commercial auto insurer liability claim payouts combined were $96bn to $105bn higher between 2013 and 2022 due to social and economic inflation, according to a new study from the Insurance Information Institute (Triple-I).

For personal auto, increasing inflation in the 2013 to 2022 period drove losses and DCC (defense containment costs) up by $61bn.

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Hal Stucker
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