Summary
The Assured Briefing is a monthly research note that analyzes various aspects relevant to property and casualty insurance professionals. This edition covers topics such as business development strategies in the current economic landscape, the impact of social inflation on liability insurance, and insights from the Verisk Insurance Conference. It discusses the trends affecting commercial lines, including premium forecasts and the importance of understanding new business formation rates. Additionally, it examines the phenomenon of social inflation, highlighting the correlation between legal environments and liability loss ratios. The briefing also notes that states with higher social inflation do not necessarily experience below-average economic growth, suggesting a complex relationship between legal systems and economic performance. The document concludes with a reflection on the historical context of tort reform and its potential implications for current trends in social inflation.
