Litigation continues to be a major contributor to rising claims costs, and the issue is only getting worse.
The insurance industry has experienced tremendous change in the past few years.
One of the most concerning litigation trends over the last ten years has been the rise in nuclear verdicts, which are jury awards that surpass $10 million.
Implementing Insurance Legal Analytics to Drive Results and Reduce Spend
A wave of social inflation is severely impacting the bottom line for insurers.