Insurance Innovation Reporter: Attorney Involvement Continues to Increase the Cost of Commercial Claims
Increased attorney involvement in commercial claims is a direct cause of substantial loss ratios, with costs continuing to rise. These growing costs result from high legal involvement rates, social inflation, third-party litigation funding, and bad-faith lawsuits filed by attorneys.
How can you protect your business from excessive litigation? Let’s take a look at the forces behind this growing phenomenon and how you can be proactive in your defense.
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