A. K. Howerter News
Sedgwick report finds 'anchoring' tactic brings larger verdicts, contributing to rising insurance costs
Consulting firm Sedgwick released a report on May 31 titled "Liability Litigation," which found that a technique called "anchoring" used by trial attorneys results in larger settlements and verdicts. Large jury verdicts are a contributing factor to social inflation, meaning insurance costs increase faster than general inflation.
California nonprofit founder on rising car insurance costs: 'it's becoming impossible to live here'
Mark Horvath, the founder of Los Angeles-based nonprofit Invisible People, has expressed concern over the escalating car insurance costs in California. In an April 1 post on X, he said, "it’s becoming impossible to live" in the state due to these rising costs.