re: Insurance rate increases

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So its the property claims that are driving up the costs and not the personal injury? Wow thats crazy.

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The liability claims and amount of uninsured drivers has always been a factor in keep LA one of the highest state for auto insurance. Thats didnt change but add the following into the mix:


1.Labor wage increases due to labor shortages. No one wants to work so labor rates have increased to try and get workers.
2.Technology in the auto are abundant and components prices and availability are costly and in short supply.
3.Number of parts per claim. There are more individual parts to repair and replace than before. More parts more labor hours at increased labor wages....
4.Increase in amount of hours per claim. This one completes 3. It is taking longer to repair autos.
5.Increased storage and/or rental costs because it is taking longer to complete repairs because or labor shortage, more parts, waiting on parts.