Social Inflation News
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Commercial Lines Not at Top of Cycle; ‘Thieves’ Fuel Social Inflation: CEOs
Jul 9 2024 // It’s not waning market discipline but the scourge of social inflation that industry leaders of commercial lines insurance businesses see as a potential threat to future profits, a trio of property/casualty chief...
Social Inflation Fix: Insurers Can’t Be Out Front, Chubb’s Greenberg Says
Jun 6 2024 // Although insurers can help to stop the growth of social inflation, they can’t lead the effort, an industry executive said during an insurance conference this week. Evan Greenberg, chair and chief executive officer of...
Social Inflation Key Factor in Rise of Loss Severity: AM Best
Jun 3 2024 // Loss severity for many U.S. casualty lines of insurance business has exceeded economic inflation over the past decade, indicating other factors are influencing claims costs for indemnity and expense payments, according to...
AM Best: Social Inflation Key Factor in Rise of Loss Severity
May 13 2024 // Loss severity for many U.S. casualty lines of insurance business has exceeded economic inflation over the past decade, indicating other factors are influencing claims costs for indemnity and expense payments, according to...
What Industry Executives Are Saying About Loss Reserves, Social Inflation
Apr 15 2024 // Executives at carriers and reinsurers that announced reserve loss charges taken during fourth-quarter 2023, and even at some that did not, discussed the “problematic accident years” and lines of business,...
Viewpoint: Insurers, Insureds Must Collaborate to Get Ahead of Social Inflation
Mar 14 2024 // Executive Summary: Setting up mock jury trials, taking cases to trial and refraining from issuing “hammer” letters to lower-layer insurers are just three of the strategies Aspen’s Chief Claims Officer...
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