Mubbin Rabbani // June 12, 2023 
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Editor’s Note: This article follows up the author’s May 16 article, Attorney Involvement Continues to Increase the Cost of Commercial Claims.
There are many ways to quantify the impact attorney involvement and social inflation (of which attorneys are a significant cause) have on insurance carriers. One of the most striking examples is featured in a report by Jim Lynch and Dave Moore of the Casualty Actuarial Society, Social Inflation and Loss Development. The report shows what they calculated as the unexpected paid losses each year.
The chart below shows some vast