Claims / Legal
Data Points: Attorney Impact on Commercial Auto Losses
Commercial auto insurance loss severity rose about 5 percent per year during the five-year period ending 2019, as the proportion of claims that had attorney involvement increased to nearly 30 ...
Why ADAS Drives Claims Severity Higher (It May Not Be What You Think)
When auto insurance executives talk about claims severity trends across the industry, a common theory they advance is that repairs on vehicles with expensive advanced driver-assistance systems ...
An Innovator’s Journey: From Star Litigator to Litigation Finance
For as long as he can remember, Chris Bogart has been interested in the law. As a schoolkid growing up in Toronto, Canada, he enjoyed the thrill of debating, articulating and defending his ideas ...
Workplace Class Action Settlements Cost Record $3.6B in 2021
The cost of settling workplace class action lawsuits reached a record high in 2021, defying expectations that the COVID-19 pandemic would decrease the size and reduce the number of payouts, according ...
Reinsurers’ 2022 Profit Outlook Better Than Primary Insurers: Fitch
The trailing impacts of premium and loss trends on the books of property/casualty reinsurers makes the 2022 outlook for reinsurers rosier than the profit outlook for primary insurers, a Fitch Rating ...
Insurers Have No Duty to Defend Rite Aid Against Opioid Lawsuits, Says Delaware Supreme Court
Chubb Ltd. has no duty to defend Rite Aid Corp. against lawsuits filed by two Ohio counties that allege the drug store chain's failure to identify suspicious orders contributed to an oversupply of ...
Avoiding Bad Faith Damages: How to Handle Short-Fuse Policy Limit Settlement Demands
The holidays—parties, family and the spirit of giving. Some personal injury plaintiff attorneys really get into the spirit, hoping to receive the gift of "open" policy limits and unlimited injury ...
Customers Trust Bots That Seem Human
The helpful person guiding you through your online purchase might not be a person at all. As artificial intelligence and natural language processing advance, we often don't know if we are talking to ...