Social Inflation News
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Unite and Conquer: How the Insurance Industry Can Deflate Social Inflation
Nov 27 2024 // At one of the early meetings of American Legal Connections, Rich Henderson, a senior vice president for reinsurer TransRe, bumped into a concerned client from a hospital insurance company who brought his team members to...
Economic, Social Inflation Influence Drop in Commercial Auto UW Profits: Triple-I/CAS
Nov 18 2024 // Commercial auto insurance has struggled to achieve underwriting profitability, even before inflationary conditions affected property/casualty lines in recent years. The trend has been accompanied by steady growth in net...
Economic, Social Inflation Influence Drop in Commercial Auto UW Profits: Triple-I/CAS
Oct 28 2024 // Commercial auto insurance has struggled to achieve underwriting profitability, even before inflationary conditions affected property/casualty lines in recent years. The trend has been accompanied by steady growth in net...
Navigating Social Inflation in a World of Complex Claims
Oct 21 2024 // As social inflation continues to exert pressure on the insurance industry, this is not only a financial issue, but one with far-reaching impacts on insurers, beneficiaries and society at large. Rising litigation costs,...
US Nuclear Verdicts Break Records and Drive Social Inflation to 7% in 2023: Report
Oct 7 2024 // Nuclear verdicts in the United States are breaking records with 27 court cases each awarding compensation of more than $100 million during 2023, according to Swiss Re executives. Social inflation in the U.S. rose to 7% in...
RAND Study Eyes Impact of Legal System Abuse, Social Inflation
Sep 16 2024 // A study from RAND found that rising litigation rates, trial awards and claim severity are consistent with the expected effects of social inflation. The study, What Is the Evidence for Social Inflation? Trends in Trial...
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