It had to occur.
Product liability insurance rates for the supplement industry, which have been in a steep decline for about seven years, have bottomed out in the previous ninety days, and are almost certainly headed upwards in the near term.
Why? Rates have declined by 80% by some estimates. They couldn't go down without end. Insurers have been struck by catastrophic losses and an progressively litigious social environment. Interest rates are at historic lows with no end in sight. The ebb and flow, roller coaster effect of premiums for commercial insurance has historical precedence and is destined once again to rise.
Product liability insurance rates for the supplement industry, which have been in a steep decline for about seven years, have bottomed out in the previous ninety days, and are almost certainly headed upwards in the near term.
Why? Rates have declined by 80% by some estimates. They couldn't go down without end. Insurers have been struck by catastrophic losses and an progressively litigious social environment. Interest rates are at historic lows with no end in sight. The ebb and flow, roller coaster effect of premiums for commercial insurance has historical precedence and is destined once again to rise.
