Rising U.S. legal volatility undermines insurers’ ability to price risk: Swiss Re’s Ningen
Monica Ningen, CEO of Swiss Re U.S. Property & Casualty Reinsurance, warned that the increasingly volatile U.S. legal environment is undermining insurers’ fundamental ability to accurately price risk. Concerns about the abuse of the legal system and social inflation in the U.S. insurance market continue to rise. Commercial liability losses will reach US$143 billion in…