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Legal system abuse drove up to $281B in extra insurance losses: Study

Legal system abuse drove up to 1B in extra insurance losses: Study


“The data clearly show that insurance loss inflation has its own unique drivers,” said James Lynch, co-author of the study. “While general economic inflation is an important factor, legal trends, ranging from litigation financing to larger jury verdicts, have amplified costs well beyond what the CPI-U would suggest.”



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