Overview
Join Partner Thomas Dawson as he speaks at the upcoming Insurance Risk & Capital Americas 2024 conference. He will moderate the panel, “US Liability Claims: Pressure Points Ahead as the Social Inflation Contagion Continues.”
Topics of discussion include:
- Overview of US claims environment and trends.
- Loss trend – is sustained trends in larger verdicts expected or will we settle into a more steady state for claims?
- Modern drivers of social inflation
- How is litigation funding impacting social inflation and what is the future outlook?
- What role does social media and changing communication trends play?
- What tools do insurers have at their disposal to address these drivers?
- Outlook for coming years. Which are the areas insurers should have on their watch lists and what have insurers pin pointed as potential emerging litigation risk areas?
- Pesticides & chemicals liabilities
- Per-and polyfluoroalkyl substances (PFAS)
- Nanoplastics
- Electric vehicles
- Climate-related litigation
- How might these evolving risk areas evolve?
- What role can the insurance industry play in tackling social inflation?
- Pricing discipline: How do companies need to revisit risk assessment, risk pricing and loss reserve development to better offset future social inflation in longer-tail lines.
- Lobbying for legislation
- Overview of legislative reform efforts in Indiana and Georgia addressing 3rd party litigation funding and legal system abuse. 3rd party litigation funding reform – does this signify the path forward for meaningful reform?