Insurers need stronger response to stem social inflation: R Street
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Insurers need stronger response to stem social inflation: R Street

Eileen AJ Connelly
December 08, 2021
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Social inflation has led to an explosion of court awards “out of proportion to actual damages sustained,” and insurers’ attorneys need to “step up” their efforts to combat the tactics of plaintiffs' lawyers , a new white paper states.

The paper, from think tank R Street, details rising costs of awards handed down by juries. Citing Swiss Re statistics, for example, it notes the median cost of the top 50 bodily injury claims rose to $54mn in 2018,...

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Eileen AJ Connelly
Contributing Editor
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