Attorneys are involved in a growing share of insurance claims and they are being retained much sooner, Sedgwick said in a paper released Tuesday. The private claims administrator said its data shows that in 2021, attorneys were involved in about …
LONDON — Premiums for directors’ and officers’ liability insurance surged in the second quarter, broker Marsh said on Monday, as insurance underwriters fear the coronavirus pandemic will lead to hefty litigation claims. Premiums for directors’ liability insurance, known as D&O, …
Nearly 80 percent of property/casualty insurance carrier legal and claim departments use alternative fee arrangements (AFAs), according to a recent LexisNexis CounselLink survey. This is an increase from 69 percent reported in August 2015. According to the report, the use …