Social inflation is a term that has been used to describe social and behavioral trends that are said to expand the liability of parties allegedly responsible for harms and their insurers. In this report, the authors look for trends in litigation rates, trial awards, and insurance claim payments that are consistent with the expected effects of social inflation to determine whether there is evidence that social inflation is occurring.
Social inflation describes social and behavioral trends that are said to expand the liability of parties allegedly responsible for harms and their insurers. The authors look for trends consistent with the expected effects of social inflation.
