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Lawyers’ group presents data analysis saying litigation not primary driver of premiums; insurers booked record profits in 2023–24
Summary
The Georgia Trial Lawyers Association (GTLA) and outside experts presented data to the study committee indicating claim counts and payouts have not risen on a per-capita, inflation-adjusted basis while insurers’ underwriting and overall profits grew sharply in 2023–24.
Jason Branch, an attorney and immediate past president of the Georgia Trial Lawyers Association, briefed the committee on data his group commissioned and analyzed in response to the state’s 2023 data call about tort reform and insurance premiums.
Branch said GTLA retained forensic insurance expert David Stegall and Northwestern’s Professor Bernard Black to analyze NAIC and other data. Their findings,…
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