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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...
US Nuclear Verdicts Break Records and Drive Social Inflation to 7% in 2023: Report
Sep 11 2024 // Nuclear verdicts in the United States are breaking records with 27 court cases each awarding compensation of more than US$100 million during 2023, according to Swiss Re executives. Social inflation in US rose to 7% in 2023...
RAND Study Eyes Impact of Legal System Abuse and Social Inflation
Aug 22 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...
Commercial Lines Not at Top of Cycle; ‘Thieves’ Fuel Social Inflation: CEOs
Jul 9 2024 // It’s not waning market discipline but the scourge of social inflation that industry leaders of commercial lines insurance businesses see as a potential threat to future profits, a trio of property/casualty chief...
Social Inflation Fix: Insurers Can’t Be Out Front, Chubb’s Greenberg Says
Jun 6 2024 // Although insurers can help to stop the growth of social inflation, they can’t lead the effort, an industry executive said during an insurance conference this week. Evan Greenberg, chair and chief executive officer of...
Social Inflation Key Factor in Rise of Loss Severity: AM Best
Jun 3 2024 // Loss severity for many U.S. casualty lines of insurance business has exceeded economic inflation over the past decade, indicating other factors are influencing claims costs for indemnity and expense payments, according to...
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