Experts discuss social inflation in a Tobin College of Business webinar Social inflation – increasing insurance claims costs related to legislative and litigation trends – may be spreading beyond the United States, attende Ethan's Blog » Social Inflation
Poverty and opioids unexpectedly tied to rise in personal umbrella claim severity: Gen Re Insurers saw more costly personal umbrella claims before the start of 2020, according to a Gen Re analysis, and the reinsurer expects such claims Ethan's Blog » Social Inflation
What Is Social Inflation? What Can InsurersDo About It? A recent study by the Geneva Association on the topic of “social inflation” addresses the challenges of defining and quantifying the phenomenon. Ethan's Blog » Social Inflation
Litigation Funding Rises as Common-Law Bans Are Eroded by Courts Litigation funding – the practice of third parties financing lawsuits in exchange for a share of any funds the plaintiffs might receive – was once w Ethan's Blog » Social Inflation
Lawyers’ Group Approves Best Practices to Guide Litigation Funding The policymaking arm of the American Bar Association (ABA) recently approved a set of best practices for litigation funding arrangements. Ethan's Blog » Social Inflation
IRC Study: Social Inflation Is Real, And It Hurts Consumers, Businesses “Social inflation” is the name used to describe growth in liability risks and costs related to litigation trends. Ethan's Blog » Social Inflation