Global insurance executives are worried about the hefty monetary awards juries have been handing out to plaintiffs. The trend of larger jury payouts, known as “social inflation,” could lead to a $200 billion deficit in global reserves, according to industry vet Stephen Catlin. In fact,...
November 22, 2019
Global insurance executives are worried about the hefty monetary awards juries have been handing out to plaintiffs. The trend of larger jury payouts, known as “social inflation,” could lead to a $200 billion deficit in global reserves, according to industry vet Stephen Catlin. In fact, Travelers recently said there was the chance of an “increasingly […]
