Social Inflation

URMIA Matters

In this episode of URMIA Matters, Julie Groves, Director of Risk Services at Wake Forest University interviews Kim Nimmo, Director of Risk Management at Lehigh University, Sarah Braughler, Vice President of Risk Management at United Educators, and Stef Zielezienski, Executive Vice President and Chief Legal Officer at APCIA, about social inflation and its impact on risk management in higher education. Together they explore the phenomenon of social inflation, which is the rising costs insurance companies face due to factors such as increasing jury awards, broader definitions of liability, and other factors. Our guests also share some tips on how to combat the effects of social inflation on higher education campuses, such as implementing risk management strategies, educating students and staff about liability issues, and engaging with policymakers and regulators. Listen in to skill up on your understanding of social inflation!
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