Insurance companies invoke a litany of reasons for raising premiums. <-bsp-bb-link state="{"bbHref":"bbg://news/stories/RBMEVFDWX2PS","_id":"0000018e-edb3-d583-afbf-efffca740000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Inflation-bsp-bb-link> has been a big one since prices took off in 2021. There’s a rise in car accidents involving <-bsp-bb-link state="{"bbHref":"bbg://news/stories/SBSOHQT0G1KW00","_id":"0000018e-edb3-d583-afbf-efffca740001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">drivers distracted by their phones-bsp-bb-link>. Climate change has fueled an increase in <-bsp-bb-link state="{"bbHref":"bbg://news/stories/SBOGUQDWRGG000","_id":"0000018e-edb3-d583-afbf-efffca740002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">natural disasters destroying homes-bsp-bb-link>. <-bsp-bb-link state="{"bbHref":"bbg://news/stories/RBMEVFDWX2PS","_id":"0000018e-edb3-d583-afbf-efffca740003","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Fraudulent claims-bsp-bb-link> are a perennial. And these days, a new justification is taking the spotlight: social inflation, a term that generally refers to rising legal costs.