Insurance Information Institute president and CEO Sean Kevelighan recently appeared on CNBC to talk about the factors impacting coverage costs. (Credit: Adobe Stock/ALM archives)
Insureds impacted by catastrophes such as Hurricane Beryl must contend with increased insurance and reconstruction costs due to both traditional and social inflation, Sean Kevelighan, Insurance Information Institute president and CEO, said during a recent interview on the CNBC show "Squawk Box."
Related: Insurance rates soar on investment strategy and 'legal system abuse'
Kevelighan appeared on the broadcast to talk with television personality Becky Quick about insurance and hurricane-season readiness in the face of what's forecasted to be an above average Atlantic Hurricane season.
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Elana Ashanti Jefferson
Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].
