Quintairos, Prieto, Wood & Boyer P.A.

How Analytics Can Tame ‘Social Inflation’

 Thursday, October 8, 2020

 Insurance Thought Leadership

“Social inflation” is considered one of the major emerging risks that the insurance industry must face.

While people may misconstrue the term as relating to the rising impact of social media on online behavior of netizens, it has actually to do with increasingly hostile legal environment that insurance carriers are facing today.

This manifests in the form of much larger verdicts, liberal treatment of claims by boards, more aggressive plaintiff bars, etc.

This article explains the trend and describes measures that carriers can deploy to keep a check on increasing legal expenditure.

Here are some signs of the phenomenon: A major P&C insurer anticipates $40 million in quarterly legal costs for property losses alone; there is a 94% increase in assignment of benefit (AOB) lawsuits in the state of Florida in the last five years.

Insurance Analytics: On The Verge Of A New Paradigm

 Monday, July 3, 2017

 Canadian Underwriter

More Than Half Of Insurers Use Machine Learning In Analytics

 Thursday, June 1, 2017

 Digital Insurance

Predictive Analytics: A Powerful Fraud-Fighting Tool

 Wednesday, December 7, 2016

 Coalition Against Insurance Fraud

Predictive Analytics To Drive More Workers’ Comp Decisions

 Friday, July 1, 2016

 Insurance Business America

Why Underwriters Don’t Like Predictive Analytics

 Thursday, April 23, 2015

 Insurance Networking News

Combatting Insurance Fraud with Big Data and Analytics

 Friday, November 7, 2014


How Technology Can Tame Distracted Driving

 Thursday, November 3, 2011

 Insurance Networking News

Predictive Analytics in Workers’ Comp Arrives

 Wednesday, September 28, 2011

 Risk and Insurance

Early estimates suggest Irene losses tame

 Sunday, August 28, 2011