Specialty Insurance Lines Trend Drivers: Inflation, Litigation, and Talent

Inflation, litigation, and talent concerns are three major drivers of the specialty-lines trends the Argo Group explores in a recent report. Labor inflation is outpacing material costs, with U.S. labor costs rising 5.26 percent year over year, compared to 0.93 percent for materials, Argo reported. This surge in labor costs affects both claims payouts and…