Friday, January 18, 2008
At the Insurance Information Industry's annual Property/Casualty Insurance Joint Industry Forum, executives were polled regarding likely tort trends for 2008. Two-thirds of those executives polled thought that tort trends in 2008 would be similar to those in 2007. Twenty-eight percent thought tort trends would "deteriorate" (meaning, I assume, that insurance companies would be paying out more money). Six percent thought tort trends would "improve" (meaning, I assume, the opposite). The Insurance Journal has the full story.