Updated Social Inflation Survival Guide -
Insurance professionals and counsel deal with it on a daily basis, plaintiffs' personal injury lawyers are driving and benefiting from it, consumers and policyholders are paying for it, litigation funders are financing it, and pundits are now writing about it with greater frequency. It has been around since the 1970s, but something about it is looming much larger these days. When coupled with economic inflation, it appears to be on steroids. It, of course, is social inflation and a civil tort system that, in some respects, is out of control.
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