Battling Rising Prices

Topics:
Healthcare Services,
Insurance
Tags:
A.M. Best Co.,
Currency & Foreign Exchange,
Finance,
Index
Source:
A.M. Best Company

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Overview: Physician services, hospital services, legal costs and auto-body repair expenses continued to outpace the general rate of inflation, keeping the price indexes for most of the property/casualty industry's major business lines above the consumer price index for the period 1999-2001, although many dropped below the CPI for 2001. This article presents an update of the Masterson Indexes, detailing the annual average cost indexes for property/ casualty coverage from 1990 through 2001, plus a forecast for 2002. The annual changes in the indexes are shown in "U.S. Claim Cost Indexes, Annual Percentage Increases".

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Format: PDF | Size: 89KB | Date: Sep 2003 | Pages: 2

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