Social Inflation is Hardly a Match for the Insurance Business
Insurance is among the most sustainable industries in the world for a reason: It moves with society.
In the October 2021 issue of NU Property & Casualty magazine, we paired a market update about directors and officers insurance, which one expert aptly describes as “sitting on top of” professional and management liability coverages, with a feature that explores the impact of social inflation and nuclear verdicts on the insurance industry.
Social inflation continues to be a major concern for insurers, and for a good reason. Passions can run high in courtrooms these days, and the more costly a lawsuit verdict, the more that cost will ripple through the industry and ultimately impact premiums.
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