With over 62% of airplanes grounded in April, the value of the top 10 insured airports has shifted, said Suki Basi, managing director, Russell Group speaking to AM Best TV.
Social Claims Inflation: The Casualty Black Hole
03 June 2020 | Blog Post
“Social inflation” is leading to bigger pay-outs, which in turn is helping to drive claims inflation. It is a hot topic for insurers and reinsurers who, already facing a squeeze in profits, now fear they will being sucked into a casualty black hole that is difficult to model and quantify on current realistic disaster scenario event horizon technology.
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