Liability Costs Soar Amid U.S. Legal Trends

Rising liability costs in the U.S. are driven by evolving legal trends, including nuclear verdicts, social inflation, and litigation financing. Businesses face increasing exposure as juries award larger sums, often influenced by emotional arguments and societal issues. 

The report urges companies to adopt proactive risk management and legal strategies to mitigate costs, particularly in industries like healthcare and transportation, where liability risks are higher.

Source: Insurance Business Magazine