An Overview of social inflation in the US property and casualty insurance industry in 2025

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      <subfield code="a">This paper examines social inflation in the US property and casualty (P&C) insurance industry, exploring its definition, origins, and key drivers. It highlights its evolution over time and growing significance in 2025, and discusses potential strategies for insurers, reinsurers, and policymakers to mitigate its impact in the future. The article reviews empirical evidence, litigation trends, and the role of third-party litigation funding, as well as anti-corporate bias and legal frameworks. It emphasizes the complexity of measuring social inflation, the limitations of current methodologies, and the need for more academic research. The paper concludes with recommendations for insurers and governments to manage social inflation through advanced analytics, claims management, and regulatory reforms.</subfield>
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