The market-wide escalation of casualty losses as a result of social inflation has “some similarities” to the medical malpractice crisis that hit the global (re)insurance market in the early 2000s according to WR Berkley CEO Rob Berkley.
The market-wide escalation of casualty losses as a result of social inflation has “some similarities” to the medical malpractice crisis that hit the global (re)insurance market in the early 2000s according to WR Berkley CEO Rob Berkley.