AM Best to Join Reinsurance Association of America’s Discussion Series With Social Inflation-Focused Presentation
May 14 2024 - 9:39AM
Business Wire
AM Best will deliver a presentation on the rising impacts
of social inflation on U.S. casualty insurance companies to members
of the Reinsurance Association of America (RAA) as part of its
Discussion Series on May 15, 2024, at 1:00 p.m. EDT.
During the one-hour webinar, titled, “Social Inflation's
Influence on the Casualty Market,” Sridhar Manyem, senior director,
and David Blades, associate director, both of AM Best’s Industry
Research and Analytical department, will examine the implications
an increasingly litigious environment has had on insurers’ legal
liabilities and claims costs. Topics will include the lines of
business that have been affected the most, such as commercial auto
and medical malpractice liability, and the potential for
significant spill-over effects on other lines. Factors driving
social inflation and how insurers can mitigate its impact also will
be discussed.
The RAA is the leading trade association of property/casualty
reinsurers doing business in the United States. For more
information on the webinar, please visit the RAA event page.
A recent Best’s Special Report, titled, “Social Inflation
Remains a Thorn in the Side of Casualty Insurers,” also explored
loss severity trends among U.S, casualty insurers and other social
inflation-related topics, such as nuclear verdicts, tort reform and
third-party litigation funding.
AM Best is a global credit rating agency, news publisher and
data analytics provider specializing in the insurance industry.
Headquartered in the United States, the company does business in
over 100 countries with regional offices in London, Amsterdam,
Dubai, Hong Kong, Singapore and Mexico City. For more information,
visit www.ambest.com.
Copyright © 2024 by AM Best Rating Services,
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