Social inflation drives US liability claims to reach annual peak of 7% in 2023: Swiss Re
Reinsurance News - Sep 07, 2024
Social inflation has become the main growth driver of US liability claims, with a rising number of large court verdicts pushing claims in the US to increase by 57% in the past decade, ultimately causing them to peak at 7% in 2023, the first time seen in two decades, according to Swiss Re Institute....
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