Social Inflation in the U.S. and Globally
Nuclear verdicts are rare in Canada but growing in Australia and other countries, partly due to litgation funding.
The term “social inflation” describes rising insurance losses due to the growing emergence of litigation funders, higher jury awards, more liberal workers’ compensation claims, legislated compensation increases and new tort and negligence concepts — a phenomenon especially prevalent in the U.S., but which is now growing globally.
This premium content is locked for
Insurance Coverage Law Center subscribers only.
Start a free trial to enjoy unlimited access to the single source of objective legal analysis, practical insights, and news for the insurance industry.
- Access the most current expert analysis and daily developments across jurisdictions
- Solve complex research issues with expert tools and intelligence
- Tap into insurance coverage expert guidance
Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.