TRV - Auto insurance inflation set to tap on the brakes BofA economist says
2024-05-26 16:17:00 ET
Rising auto insurance premiums have been a notable driver of inflation in the past several months. In April, motor vehicle insurance jumped 22.6% from a year earlier, the largest increase since 1979, Bank of America Securities Economist Stephen Juneau pointed out in a recent note....
Auto insurance inflation set to tap on the brakes, BofA economist says