While property market conditions favor public entity buyers, casualty exposures tied to litigation trends and legislation changes continue to challenge the market, according to Amwins.
Increases in motor vehicle tort cases and premises liability lead the rise in cases filed, while medical malpractice lawsuits in federal courts decline, Lex Machina finds.
Lex Machina analysis of 73,000+ cases shows average damage awards in 2023-2024 reached unprecedented levels, with jury verdicts nearly doubling in value since 2022.