Evercore ISI reports rising social inflation driving elevated casualty losses
Independent research and investment advisory firm Evercore ISI reports that casualty reserves remain under pressure in the U.S. property and casualty (P&C) insurance market. Debt levels at companies such as CB, Berkshire, EG, SIGI and CINF continue to fluctuate, with long-tail liability losses only partially offset by short-tail releases. To better understand social inflation trends,…