Leaders testified legal system abuse is a key driver of escalating insurance losses
As property and casualty insurers face rising costs and tightened market conditions, a Senate hearing Thursday suggested that litigation reform could be one of the few areas where the federal government may directly influence insurance affordability.
Testifying before the Senate Committee on Banking, Housing, and Urban Affairs, Robert Gordon, senior vice president of policy, research, and international at the American Property Casualty Insurance Association (APCIA)