Expert Network Team

Episode 76: Insurance Rates are Rising but How Much and for how long?

Episode Summary

Karl Frank, CFP and Nathan Merrill quiz our insurance expert, Jeff Krommendyk, about how much insurance rates are rising, why and what can we do about it?

Episode Notes

Karl Frank, CFP and Nathan Merrill quiz our insurance expert, Jeff Krommendyk, about how much insurance rates are rising, why and what can we do about it?

• What is happening with insurance rates and why?
• What can we do about it?
• Hard markets and soft markets
• Putting it all into perspective, and some optimism that this might not last very long.
• Catastrophe: this is the primary reason rates are higher—we have had a number of catastrophes, this and…
• Low investment returns. Insurance companies have had lower investment returns, but that might be changing!

For more information about these, check out our previous podcasts:

Episode 45: Episode 45: Marshall Fire in Boulder and How All of Us Can Protect Ourselves in the Future: https://www.assetsandincome.com/podcast/marshall-fire-in-boulder-and-how-all-of-us-can-protect-ourselves-in-the-future/