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Jeff Dunsavage is a senior research analyst at the Insurance Information Institute. In a recent Triple-I blog post, he wrote that insurers could address social inflation by engaging in the public-policy debate to promote legislative changes that further level the playing field between plaintiffs and defendants; getting better at defending against aggressive and increasingly well-armed plaintiffs’ attorneys; upgrading underwriting to reduce opportunities for claims surprises, and developing products with an eye toward mitigating social inflation. (Photo: Adobe Stock/NU Property & Casualty magazine)Recommended Stories
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