Fred E. Karlinsky is quoted in a P&C Specialist article titled “Social Inflation Isn’t Going Anywhere.”
Karlinsky highlights behavioral shifts among policyholders and market participants, observing that some policyholders increasingly view insurance as a financial resource and may inflate claims. He also addresses the drivers of social inflation in Florida, including assignment of benefits and one-way attorney fees, explaining how these mechanisms have contributed to increased litigation and insurer challenges.
LINKS
Read “Social Inflation Isn’t Going Anywhere.” (subscription)