Social inflation contributes to $30bn increase in commercial auto costs: Triple-I
Reinsurance News - Mar 08, 2023
U.S. commercial auto insurance liability claim payouts swelled $30 billion more than anticipated between 2012-2021 due in part to social inflation, suggests a paper by the Insurance Information Institute (Triple-I), in partnership with the Casualty Actuarial Society (CAS). The Triple-I/CAS paper, So...
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