Why Your Premiums Are Going Up, and More Insurance Trends to Watch in 2022
Your insurance premiums will likely go up in 2022 -- if they haven't already. Amid the COVID-19 pandemic, many insurance companies have seen elevated claims activity. Extreme weather events, pandemic-related claims, civil unrest, and inflationary pressures have put pressure on insurance companies' profitability.
However, experts believe that insurance companies will bounce back as demand increases and companies adapt to return to their profitable ways. Here are three things to watch for in the industry as we go into 2022.
Image source: Getty Images.
Source Fool.com