Best’s News & Research Service - May 14, 2024 08:43 AM (EDT)
AM Best to Join Reinsurance Association of America’s Discussion Series With Social Inflation-Focused Presentation
- May 14, 2024 08:43 AM (EDT)
//BestWire// - 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.