Social inflation driving billions of dollars of excess losses in commercial auto: Morgan Stanley
Reinsurance News - Feb 28, 2024
In a recent report by Morgan Stanley’s analyst team, it’s estimated that social inflation caused $13.3-24.5 billion of excess losses for commercial auto liability from 2013-2022, accounting for 7-13% of total losses in the period. On an annual basis, excess social inflation exceeded expe...
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