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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...

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

Feb 24 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...

Social Inflation or Science: What Is Fueling Climate Litigation?

Sep 23 2021 // A rising amount of litigation tied to the environmental and health impacts of greenhouse gas emissions prompted a question from the leader of a liability risk analytics company recently: “Is it about climate...

Social Inflation and Increasing Demands Drive Hard Market for Security Industry

May 17 2021 // As insurance markets harden across most lines, many in the industry are looking at the impact of social inflation: Increased litigation, broader contract interpretations and larger jury and settlement awards are driving up...

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