Newsletter
Litigation

An Empirical Look at ‘Social Inflation’

By 4 Mins Read



Expert Perspectives on Biggest Court Cases

















Page Printed From:

https://www.law.com/litigationdaily/2024/07/23/an-empirical-look-at-social-inflation/

Credit: Bart Sadowski/Adobe Stock

ANALYSIS

In a 103-page report released earlier this month, RAND Corporation researchers took a look at changes in court filings, jury verdicts in personal injury cases and insurance claims and concluded that the trendlines were “consistent with an upsurge in social inflation during the 2010s.”

July 23, 2024 at 07:30 AM

5 minute read

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Some phrases seem to sneak into the litigation vernacular before there’s time to stop and think about what they actually mean.

That’s how I felt about the term “social inflation” until very recently. Social inflation gets thrown around often by defense lawyers and those in the insurance industry to explain what they see as trendlines broadening tort liability—and the costs associated with that liability. Those that most often employ the term would argue social inflation has created a feedback loop where the level of potential dollars at stake has led claimants and their lawyers to expect even more windfalls leading to more claims and lawsuits, rinse and repeat. 

You Might Like

6 minute read

7 minute read

5 minute read

1 minute read

More From ALM

With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas.
View Now

Our Team Account subscription service is for legal teams of four or more attorneys. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team.
View Now

Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Both options are priced the same.
View Now


July 22, 2024 – July 24, 2024
Lake Tahoe, CA

GlobeSt. Women of Influence Conference celebrates the women who drive the commercial real estate industry forward.

Learn More


September 05, 2024
New York, NY

The New York Law Journal honors attorneys and judges who have made a remarkable difference in the legal profession in New York.

Learn More


September 06, 2024
Johannesburg

The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.

Learn More

The University of New Mexico (UNM) (https://www.unm.edu/) is seeking nominations, inquiries, and applications for the position of General Co…

Apply Now ›

Maslon LLP is seeking attorney candidates with 4-6 years of experience to join its Insurance Coverage Team. Maslon s Insurance Recovery Grou…

Apply Now ›

New York-based indie music company seeks full-time litigation attorney. Must have 2 years music business experience. Must be admitted to S…

Apply Now ›



Share.

Related Posts

Exit mobile version