Social Inflation is a term insurers are using to describe increasing insurance losses. It is fueled by societal instability and appeals to emotion and fear, which cause higher jury awards, larger settlements and the inevitable result—more litigation.
Viewpoint: Adjusting to the ‘Post-Truth’ Environment Driving Up Insurance Claims Costs
October 18, 2021
Michael Germano - Engineering News-Record
- 1 of 371
- next ›