This White Paper takes a comprehensive look at social inflation, identifying the causes, scope, and costs of social inflation. It also examines the risks and challenges insurers and their policyholders confront as a result of the triple threat of social inflation, economic inflation, and greenflation. Finally, it identifies actions to contain and control social inflation and limit nuclear verdicts, including measures insurers may take to combat social inflation, tort reform efforts of insurers and corporate defendants, and countering social inflation and plaintiff’s “reptile tactics” in the courtroom.
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