Social inflation relates to the increase in claims severity (not the frequency of claims) that would be expected based on economic inflation. The increases in claim settlements have been caused by various factors. Desensitization to large jury verdicts; According to Marathon Strategies 2024 was the largest year by most metrics for “supersized verdicts against companies”…

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Learn five factors impacting the entire U.S. homeowners’ insurance market. Read why natural disasters anywhere in the U.S. affect individual homeowner insureds. The pool is the multibillion-dollar U.S. homeowners’ insurance market. Its size belies the reality of what is necessary to keep the pool responsibly afloat. More and more, multiple regions of the U.S. home…

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