The Changing Liability Environment: What Leaders Need to Know скачать в хорошем качестве

The Changing Liability Environment: What Leaders Need to Know

With over $2.5 billion spent on legal advertising in 2024 alone, the American legal landscape is transforming, with profound business implications. Rich Ives, Senior Vice President of Business Insurance Claim at Travelers, joined us to examine the forces behind today’s liability environment: evolving litigation tactics, changing social attitudes, technology’s role in claim acceleration and economic pressures inflating awards. Drawing from Travelers’ frontline experience, he discussed tort reform status and provided practical protection strategies to navigate these complex challenges. The Travelers Institute’s webinar series explores pressing topics at the intersection of insurance, business and public policy. Learn more: https://travl.rs/3mQ3wRR. Travelers works to make its content accessible to all, including those with disabilities. A transcript of this program will be posted here shortly. If you have questions, please call or email us at 1.866.336.2077 or accessibility@travelers.com. 0:00 – Welcome. 3:23 – The liability environment has fundamentally shifted, and litigation is occurring more often and at larger scale. 6:01 – Social inflation due to legal, cultural, technological and economic forces is causing a rise in insurance claim costs. 16:15 – Public sentiment is shaping jury behavior and verdict outcomes. 18:15 – The financial impact extends far beyond courtroom verdicts. 36:03 – Preparation, early action and reform are critical to mitigating risk.