Home and auto insurance is going to turn into a mini-crisis at some point Auto insurance is up 22% in the past year I've yet to get a good explanation for this insane rise data.bls.gov/timeseries/CUU…
@awealthofcs Worse drivers and more expensive cars
@awealthofcs Inflation in labor, parts, cars, medical cost and depending on states, lawsuits and uninsured drivers
@awealthofcs Increased risk of severe weather from climate change is my guess.
@awealthofcs Start here. 👊🏻
@awealthofcs Makes sense from an actuarial standpoint from what I’ve seen on driving data.
@awealthofcs especially because insurers are now investing in Treasuries with significant yield.
@awealthofcs It could very well be that the cars today have such advanced electronics that fender benders are very expensive. I know the headlights on an X5 are 7k each and there is a sensor akin to radar that is over 10k.