Mark Berven’s Post

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President and Chief Operating Officer at Nationwide, leading P&C Insurance

A recent Nationwide survey found inflation and rising prices are the top concerns for business owners. This article includes tips distribution professionals can use to discuss these concerns with clients and help them protect their business from potential disruption. #AgencyForward https://lnkd.in/gemB2EWX

Inflation and other issues deflating economic sentiment - Agency Forward® - Nationwide

Inflation and other issues deflating economic sentiment - Agency Forward® - Nationwide

https://agentblog.nationwide.com

Jerry Flibbert

Senior Construction Consultant at Nationwide Insurance

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Agreed. The current inflationary environment has significantly increased the difficulty of hiring and retaining top talent. Additionally, it has influenced the demands from plaintiff attorneys. What once was a $3,500 bumper replacement for a minor collision now often results in demands reaching five to six figures, sometimes even up to policy limits. There is a noticeable rise in public frustration, leading more individuals to seek legal representation for even minor incidents. Our loss control team is equipped to assist with employer and employee coaching. Enhancing driver awareness is crucial. Remember: “Heads Up, Don’t Bump.” 

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