Monday, September 13, 2004
Finally, a good reason for Europeans to hate America
'EU tort trends: A growing concern for European insurers' - headline, General Electric press release.
Escalating tort costs (58 percent) and increased litigiousness (55 percent) top the list of major claims issues expected to affect European insurers in 2004/2005. Also, 83 percent of respondents agreed that the general increase in litigiousness in Europe would lead to substantially higher liability claims.
"In the past, these issues have been seen primarily as U.S.-centric issues," Pressman added. "These findings have confirmed anecdotal observations of a seeming increase in court awards in the UK."
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