Triple-I Weblog | Authorized System Abuse/Social Inflation Provides Prices and Challenges for US Casualty Insurance coverage: AM Finest – Go Well being Professional
The impacts of authorized system abuse-driven social inflation has grow to be a major problem for the U.S. casualty insurance coverage business, notably driving up loss prices in traces equivalent to merchandise legal responsibility, normal legal responsibility, industrial auto, and medical skilled legal responsibility, based on AM Finest. Loss severity for these traces has exceeded … Read more