As 'Social Inflation' Helps Fuel 'Nuclear' Verdicts, Insurers Address 'Legal System Abuse'

Share!

NU Property & Casualty 360 - Apr 04, 2024

In this week's Legal Speak episode, James Whittle with the American Property Casualty Insurance Association dives into the impact of what the organization has dubbed "legal system abuse" as social inflation—the belief that large corporations are "bad actors with deep pockets"—helps fuel "nuclear" ve...

Read Full Article

Recommended Articles

Insolvency leads to Go Insurance Company liquidation

Posted: Apr 17, 2024

In 2023, the Texas Dept. of Insurance issued Go a cease and desist after receiving over 50 complaint...

Legacy tech is holding insurers back from innovation, says report

Posted: Apr 17, 2024

Fewer than half of industry execs consider their companies ‘advanced’ in the main areas of business...

How surplus lines can help California's troubled home insurance market

Posted: Apr 17, 2024

The Surplus Lines Association of California’s Ben McKay discusses how surplus lines carriers can hel...