05/09/2024
Corporations and insurance companies recognize that climate change, supply chain issues, deficit-based spending, and protectionism all contribute to inflation. So, how do they plan to address this? Through laws that take power away from juries and render them above the law, aka tort reform. They should reckon with why anti-corporate sentiment is rampant instead.
Don't believe the hype. Settlements are not going up and juries are not out of control. Don't buy any snake oil and say no to tort reform.
Insurers and policyholders must adapt to sustained higher levels of economic inflation and “social inflation,” Evan Greenberg, chairman and CEO of Chubb Ltd. said Tuesday.