The latest government Consumer Price Index figures show increases for components that impact accident, auto and home claims, the Insurance Information Institute said.

Steven Weisbart, I.I.I. senior vice president and chief economist, said the February Bureau of Labor inflation report might concern insurers' claims managers.

He noted that even though the overall CPI was up just 0.2 percent over February 2008, "some components that have particular application to claims are up significantly more for that period."

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.