An eye popping insurance rate request/Company comments, ULTA won't be happy with TikTok ban/Japan, China

We've learned that the rising cost of insurance, of all kinds it seems, is adding a 'bid' to overall inflation. We've seen the rise within CPI, particularly on the auto side, and I'll remind you that JB Hunt last month started its earnings conference call talking about its higher insurance costs that they plan to pass on to its customers. 

Well, on the personal/homeowners side I got a letter from Chubb yesterday saying they filed a request with New Jersey "for a rate increase in the amount of 20% for Personal Umbrella coverage." Their reasoning? "Across the country, including in New Jersey, the liability insurance landscape has been drastically changing due to the increasing frequency of claims, lawsuits and cost of litigation. Some of the reasons for the change include people suing each other more frequently, courts applying broader definitions of liability, and the increasing average size of compensation awarded by courts and juries. In the automobile industry alone we've seen increased accident frequency and severity, resulting in record levels of fatalities and injuries on the road."

And how exactly does monetary policy influence this? It really can't but it still is what it is as an upward impact on inflation as the cost of insurance is something everyone has to pay in some form. 

We're finally at the end of the earnings review for Q4 and the exhausting number of calls/transcripts to go thru but I do it, and here is what I got left.