As 'Social Inflation' Helps Fuel 'Nuclear' Verdicts, Insurers Address 'Legal System Abuse'
In this week's Legal Speak episode, James Whittle with the American Property Casualty Insurance Association dives into the impact of what the organization has dubbed "legal system abuse" as social inflation—the belief that large corporations are "bad actors with deep pockets"—helps fuel "nuclear" verdicts.
April 05, 2024 at 05:44 PM
1 minute read
James Whittle with the American Property Casualty Insurance Association believes nuclear verdicts fueled, in part, by social inflation, or the belief that large corporations are "bad actors with deep pockets," can lead to "legal system abuse."
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