RISK RADAR · THEME
Social inflation, nuclear verdicts, litigation funding, mass torts (PFAS, microplastics, talc), changes in liability law, riots and civil unrest, social tensions and fragmentation.
ARGUS’S READING Rising · Morningstar DBRS identifies correlated French riot claims across lines; Australia's proposed Code would add enforceable claims obligations.
AI and technologyClimate and natureGeopolitics, conflict and tradeCyberEnergy and the transitionSocial and legalFinancial and macroHealth, pandemics and longevityNatural resources and foodUnder the radar
Regulation
The Insurance Council of Australia has submitted a revised General Insurance Code of Practice to ASIC for approval. Key obligations would become part of consumer insurance contracts, enforceable through the courts, AFCA or an independent committee. Home and motor claims left undecided for 12 months, for reasons within an insurer's control, would be accepted automatically.
1–3 yrsClaims and pricing
Rising CTE evidence raises liability exposure for sports bodies and the insurers covering them.
1–3 yrsBusiness model
Alberta's no-fault injury model moves auto injury costs from courts to benefits, reshaping motor pricing and claims.
NowClaims and pricing
CTE estimates alongside a class action expand brain-injury liability exposure for sports insurers.
NowBusiness model
Alberta makes government plans payor of last resort and bars age-based cuts, reshaping private health benefit product design and cost.
NowClaims and pricing
Appeals court limits CGL duty to defend terror-financing suits, narrowing casualty exposure for such claims.
NowClaims and pricing
Record staged-crash fraud raises motor claims costs, a rising loss trend for South Korean motor insurers.
NowClaims and pricing
Strikes, riots and civil unrest exposure in France may need repricing for property insurers' SRCC cover.
1–3 yrsBusiness model
Proposed commission caps could sharply cut broker revenue, reshaping distribution economics for insurers.
NowClaims and pricing
European civil unrest losses raise coverage questions for UK property insurers and policyholders.
NowClaims and pricing
Litigation costs are driving claims inflation, pressuring casualty loss costs and reserve adequacy.
NowClaims and pricing
Nuclear verdicts add an estimated $2.2 billion yearly to Texas insurance costs, pressuring casualty pricing.
NowClaims and pricing
An upheld nuclear verdict on benzene exposure raises severity for toxic-tort liability cover.
1–3 yrsClaims and pricing
Strict liability extended to digital products widens product-liability exposure for software and AI-enabled goods.
NowClaims and pricing
Commercial auto liability severity outpacing inflation twofold signals rising social inflation pressure on auto and liability reserves.
1–3 yrsClaims and pricing
Repealing Maryland's damages cap would raise casualty exposure and loss costs for insurers writing liability there.
NowClaims and pricing
A Florida Supreme Court ruling opens more suits against insurers, expanding their litigation exposure.
NowClaims and pricing
Litigation costs push commercial auto liability claims above inflation, raising underwriting pressure on fleet and liability cover.
NowClaims and pricing
Florida ruling allows some lawsuits against insurers, raising potential liability and claims costs for carriers.
NowClaims and pricing
Social inflation keeps pressuring US liability claims costs, with commercial motor among the hardest hit.
