The Legal Trends Behind 'Social Inflation' In Insurance

By Scott Seaman, Kevin Burke, Judith Selby, and Pedro Hernandez (February 21, 2020, 5:14 PM EST) -- The phrase "social inflation" has been trending in the insurance industry recently. The phrase generally refers to the increasing costs of insurance claims (defense and indemnity) resulting from societal trends such as litigious proclivities, large defense costs, mega jury awards, broad insurance policy interpretation and a plaintiff-friendly and policyholder-friendly environment....

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