Insurance Executives: Tort Trends Stable in 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.

–CJR