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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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CLARA Litigation is an AI solution that uses contributory data to understand plaintiff and defense counsel performance to optimize your legal defense strategy and much more. Learn more about CLARA Litigation here

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CLARA Analytics is the leading AI as a service (AIaaS) provider that improves casualty claims outcomes for commercial insurance carriers and self-insured organizations.

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