Social Inflation and Its Impact on Insurers

In this episode of Hinshaw Insurance Law Radio we discuss “Social Inflation and Its Impact on Insurers.”  The episode was recorded live at a joint Hinshaw/RPC seminar in London, England in February 2020. Panelists Scott Seaman and Pedro Hernandez of Hinshaw & Culbertson LLP and Simon Laird, Head of Insurance, of RPC presented to leading London claims and underwriting professionals. The panelists address how the elements of the US civil justice system influence the size of settlements, judgments, and defense costs and how the modern societal trends fuel social inflation. They also compare social inflation in the US to social inflation in the UK.