insurance industry

The insurance industry doesn't exist in a vacuum and there are some crazy things going on in economy and society right now including:

1. Post Covid supply chain interruptions mean it's taking longer to rebuild, repair and replace buildings, cars & equipment leading to significantly higher 'loss of use' insurance claims.
2. Once those structures or vehicles are repaired or replaced, they're being replaced at a significantly higher cost than before. Inflation has affected every facet of our lives and inflation tends to compound in the insurance industry. Here are just a few examples that have affected insurance claims:

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Insurance is usually not a lighthearted topic. However, in modern times insurance as a whole has evolved, in order to help cover a variety of different lifestyles. With that comes a number of wild stories and details about the insurance industry that might shock you, or at least make you smile. Here are some surprising things you probably didn't know about today's strange world of insurance claims and policies.

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