What is "social inflation"? (Ep. 1)

Today Michael discussed "social inflation" and how it may affect liability claims. He discusses this article about a recent verdict in St. Louis County (https://www.stltoday.com/news/local/crime-and-courts/jurors-say-police-sergeant-should-get-almost-million-in-discrimination/article_e7305f25-64be-5391-8d4b-5c1f92f2be1b.html), and this Survey Report from Willis Towers Watson (https://www.willistowerswatson.com/en-us/insights/2019/11/insurance-marketplace-realities-2019-fall-update-executive-summary).