WEDNESDAY, SEPTEMBER 16 @ 3PM ET
3PM - 4PM ET / Pulling the Pin: Mitigating the Risk of Social Inflation
The trends driving social inflation for insurers -- negative feelings toward corporations, higher jury verdicts, and a rapid rise in litigation financing -- have expanded rapidly in recent years. How do these same trends affect a company’s reputation, finances, and position in the marketplace? How has the COVID-19 pandemic affected the claims landscape? Are tougher economic times tied to the pandemic driving quicker settlements? In a time of social unrest, and geopolitical uncertainty, can public perception be addressed with a greater focus on corporate responsibility? This session will look at Environmental, Social, and Corporate Governance (ESG), the data illustrating the effects of social inflation, and discuss ways to reach better outcomes for the involved parties.