Loss severity for many U.S. casualty lines of insurance business has exceeded economic inflation over the...
A.M. Best: Social Inflation Key Factor in Rise of Loss Severity
Loss severity for many U.S. casualty lines of insurance business has exceeded economic inflation over the past decade, indicating other factors are...
Loss severity for many U.S. casualty lines of insurance business has exceeded economic inflation over the past decade, indicating other factors are...
Article / 3 days ago
The 10 Major Risks Shaping Insurance Today
I readily admit that lists of top risks, top threats, and opportunities for insurance are well-trodden ground, and ranking risks in order of importance...
I readily admit that lists of top risks, top threats, and opportunities for insurance are well-trodden ground, and ranking risks in order of importance...
Article / 8 days ago
Social inflation has put severity pressure on loss cost trends over last five years: CNA CEO
Long-run loss cost trends in the US are at 6.5% as a result. CNA Financial CEO Dino Robusto said that over the past five years, social...
Long-run loss cost trends in the US are at 6.5% as a result. CNA Financial CEO Dino Robusto said that over the past five years, social...
Article / 9 days ago
General liability rates could climb as third-party litigation funding grows outside of US
The funding practice has led to a dramatic increase in claims amount, which in turn pushes up rates....
The funding practice has led to a dramatic increase in claims amount, which in turn pushes up rates....
Article / 10 days ago
Navigating the Aftermath: The MV Dali Bridge Collision
The incident appears to have been related to an electrical power failure on the vessel...
The incident appears to have been related to an electrical power failure on the vessel...
Article / 12 days ago
Social inflation will drive P&C (re)insurers to raise prices
“We expect social inflation to continue, and insurers to respond by building higher expected losses into their policies, raising prices and boosting reserves,” says Jasper Cooper, CFA, VP-Sr Credit Officer at Moody’s Ratings...
“We expect social inflation to continue, and insurers to respond by building higher expected losses into their policies, raising prices and boosting reserves,” says Jasper Cooper, CFA, VP-Sr Credit Officer at Moody’s Ratings...
PR / 13 days ago
Number of US jury awards over $10mn hits 89 in 2023
Verdicts awarding more than $100mn hit a new high of 27 last year, study finds....
Verdicts awarding more than $100mn hit a new high of 27 last year, study finds....
Article / 14 days ago
Casualty insurers to feel more pressure from reinsurers – WR Berkley CEO
Reinsurers are increasingly exerting pressure on casualty and liability insurers due to concerns about social inflation, WR Berkley Corp president and chief...
Reinsurers are increasingly exerting pressure on casualty and liability insurers due to concerns about social inflation, WR Berkley Corp president and chief...
Article / 16 days ago
Social inflation: Defense cost analysis shows first signs of adverse trends in problematic lines
Downward trends of DCC ratios are beginning to reverse, which could cause issues for long-tailed lines....
Downward trends of DCC ratios are beginning to reverse, which could cause issues for long-tailed lines....
Article / 22 days ago
Social Inflation: Scourge of Hard-Working Americans or an Insurance Industry Bogeyman?
Social inflation. There’s a good chance that you’ve never heard the term before. Nonetheless, it appears to be a hot topic, particularly in the...
Social inflation. There’s a good chance that you’ve never heard the term before. Nonetheless, it appears to be a hot topic, particularly in the...
Article / 24 days ago
