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Social Inflation and Its Impact on Liability Claims: What You Need to Know
Liability claims have been on the rise in recent years, and one factor contributing to this trend is social inflation. Social inflation refers to the tendency for liability payouts to increase over time due to a variety of factors, including changing attitudes towards compensation for personal injury, a more litigious culture, and higher legal and medical costs. In this blog post, we'll explore what social inflation is, how it affects liability claims, and what individuals and businesses can do...
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