Check out my new
   article: [1]https://litigationfinancejournal.com/the-300b-shock-verdict
   -and-social-inflation/

The $300B Shock Verdict and Social Inflation

   A $300B damage award is serving as an example of shock verdicts driving
   the notion of social inflation. Preserving the ecosystem of litigation
   finance from shock verdicts is a priority for some in the industry.

   [2]Best Review’s monthly insurance magazine highlights the general
   trepidation of insurers being ‘on the hook’ for high dollar claims that
   are funded by third party litigation investors. There are those that
   argue obscene, high-dollar awards are a threat to the judicial system
   and therefore have the ability to diminish access to justice.
   Furthermore, litigation finance is blamed for insurance premium
   spikes–in some cases premiums have increased 25%.

   The $300B shock verdict referenced above relates to trucking insurance.
   The award could potentially be the largest damages verdict in United
   States history. This, as the insurance industry has worked to clamp
   down on trucker insurance coverage. Best Review notes that insurance
   contracts for trucking operations previously allowed for $50M in
   coverage. Today, insurers have reduced many trucking insurance
   contracts down to only $1M coverage options.

   Best Review references that savvy insurers continue to approach the
   problem of social inflation with a barrage of solutions, including
   lobbying dollars on tort reform. Overall, it would appear that insurers
   are targeting sophisticated third party investors who likely hold a
   variety of portfolios that include insurance claims.
   --
   Gunnar Larson - [3]xNY.io | [4]Bank.org
   [5]MSc - Digital Currency
   [6]MBA - Entrepreneurship and Innovation (ip)
   G@xNY.io
   +1-646-454-9107
   New York, New York 10001

References

   1. https://litigationfinancejournal.com/the-300b-shock-verdict-and-social-inflation/
   2. https://news.ambest.com/articlecontent.aspx?AltSrc=104&RefNum=317590
   3. http://www.xNY.io/
   4. http://Bank.org/
   5. https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&utm_medium=Search&utm_campaign=MSc-Digital-Currency-North-America&utm_term=blockchain unic&gclid=Cj0KCQiAyJOBBhDCARIsAJG2h5ctwwMz0MRbVSk-LaYD-GMU5UgDSw7ynxbGr_a7SkaFAZzJc1-pzxEaAi4NEALw_wcB
   6. https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovation-mba-1-5-years-or-3-semesters/