Social Inflation News

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Q3 Net Income Up 45.7% at W.R. Berkley as it Handles Unabated ‘Burn’ of Social Inflation

Oct 24 2023 // Third quarter net income at W.R. Berkley Corp. increased nearly 46% compared to the same period last year to about $334 million. The Greenwich, Connecticut-based insurer’s consolidated combined ratio for the quarter...

How Social Inflation Is Impacting the Architects, Engineers Market

Feb 20 2023 // Social inflation has been a hot topic across the insurance industry over the last few years as claims frequency and severity continue to increase across nearly every line of business. While some lines, such as commercial...

Report Says Social Inflation Adds Up to 11% to Physician Malpractice Claims

Jan 25 2023 // Social inflation accounts for 8% to 11% of all medical malpractice losses for carriers that insure physicians, according to an actuarial analysis commissioned by The Doctors Co. TDC hired Moore Actuarial Consulting to...

Insurance 101: What is Social Inflation?

Sep 21 2022 // This post is part of a series sponsored by AgentSync. Social inflation is a term specific to the insurance industry and describes the rising costs of insurance claims above and beyond what can be explained by the overall...

Social Inflation Increased Commercial Auto Claim Costs by $20B Over 10 Years

Mar 7 2022 // The insurance industry is ringing alarm bells about the cost of social inflation again, this time with the help of an actuarial analysis that concludes the phenomenon added more than $20 billion to the cost of commercial...

D&O Loss Ratios Unchanged by Rate Hikes; Supply Disruption to Fuel Suits

Mar 2 2022 // Directors and officers liability insurance premium rate hikes have not had the anticipated impacts on loss ratios that carriers had hoped for, AM Best reported Monday, citing the impact of social inflation on rising claims...

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