Litigation Trends Drive Economic Impact on U.S. Property Casualty Insurance

Dr. Robert P. Hartwig, an expert in risk management and insurance, highlights the impact of increased litigation and what are termed "frivolous lawsuits" on the broader U.S. economy. These legal trends are linked to rising costs for consumers and businesses, affecting insurance claims and risk assessments. The American Property Casualty Insurance Association (APCIA) underscores that such litigation pressures have implications for property and casualty insurers, influencing premiums and underwriting practices. Dr. Hartwig serves as a key industry spokesperson, providing insights into how legal environments shape insurance market dynamics and the economic environment.