Join Partner Thomas Dawson as he speaks at the upcoming Insurance Risk & Capital Americas 2024 conference. He will moderate the panel, “US Liability Claims: Pressure Points Ahead as the Social Inflation Contagion Continues.”

Topics of discussion include:

• Overview of US claims environment and trends.
• Loss trend – is sustained trends in larger verdicts expected or will we settle into a more steady state for claims?
• Modern drivers of social inflation
  • How is litigation funding impacting social inflation and what is the future outlook?
  • What role does social media and changing communication trends play?
  • What tools do insurers have at their disposal to address these drivers?
• Outlook for coming years. Which are the areas insurers should have on their watch lists and what have insurers pin pointed as potential emerging litigation risk areas?
  • Pesticides & chemicals liabilities
• Per-and polyfluoroalkyl substances (PFAS)
  • Nanoplastics
  • Electric vehicles
  • Climate-related litigation
  • How might these evolving risk areas evolve?
• What role can the insurance industry play in tackling social inflation?
• Pricing discipline: How do companies need to revisit risk assessment, risk pricing and loss reserve development to better offset future social inflation in longer-tail lines.
• Lobbying for legislation
  • Overview of legislative reform efforts in Indiana and Georgia addressing 3rd party litigation funding and legal system abuse. 3rd party litigation funding reform – does this signify the path forward for meaningful reform?