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Everest Re Cites Social Inflation for $400M Prior-Year Reserve Charge

Jan 27 2021 // Everest Re is the most recent insurance and reinsurance company to announce catastrophe and COVID losses in advance of fourth-quarter earnings, but Everest’s disclosure on Monday also addressed a boost in prior-year...

Social Inflation Lesson: Not Settling Cost Insurer Millions in Suit by Excess Insurer

Jan 11 2021 // The defense team for Chubb Group’s Ace American Insurance Co. was confident that no jury would award more than $2 million in a wrongful death lawsuit filed by the family of Mark Braswell, who died on May 16, 2014,...

Social Inflation Lesson: Not Settling Cost Insurer Millions in Suit by Excess Insurer

Dec 23 2020 // The defense team for Chubb Group’s Ace American Insurance Co. was confident that no jury would award more than $2 million in a wrongful death lawsuit filed by the family of Mark Braswell, who died on May 16, 2014...

COVID, Economy, Social Inflation Warrant Negative Commercial Lines Outlook: A.M. Best

Dec 21 2020 // U.S. commercial lines insurers will continue to be tarnished by an A.M. Best negative outlook, thanks to COVID-19 economic uncertainty, social inflation and other challenges. A.M. Best first revised its outlook for the...

COVID, Economy, Social Inflation Warrant Negative Commercial Lines Outlook: A.M. Best

Dec 11 2020 // U.S. commercial lines insurers will continue to be tarnished by an A.M. Best negative outlook, thanks to COVID-19 economic uncertainty, social inflation and other challenges. A.M. Best first revised its outlook for the...

Social Inflation, Low Interest Rates, Rising Catastrophes: Recipe for a Hard Market

Sep 21 2020 // Even before the coronavirus crisis hit, the reinsurance industry was in a period of significant rate hardening, which will likely continue over the next two years, or even longer, according to Munich Re. Such price...

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