As seen in 2020 during lockdown periods, the appeal of urban living waned and consumers moved from certain states into others, according to Mark McElroy, of TransUnion, who explains: "The other part is people are moving from more densely populated areas to less dense ones." (Credit: Pressmaster/Shuttertstock.com)
The pandemic popped up a number of issues across the insurance spectrum, stretching from cybersecurity and workers' comp issues to traffic volume shifts. Garnering less attention are the long-term effects the insurance sector will see from migration to suburbs and rural areas and court backlogs.
As seen in 2020 during lockdown periods, the appeal of urban living waned and consumers moved from certain states into others, according to Mark McElroy, executive vice president and head of TransUnion's insurance business.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
