Search
 

InsurTech Center

Home

Instant Insights / Legal Issues in Insurance

The legal and insurance industries share a unique relationship - one that works for and, at times, against each other. This collection of articles addresses key and emerging issues overlapping the law and insurance sectors.

Analysis

How insurers' legal teams are using data tools to fight megaverdicts

The insurance industry is leading the pack when it comes to using this “Moneyball” approach to litigation and financial services.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Predictive Analytics While using data analytics and predictive modeling doesn’t assure a positive outcome in litigation, it at least provides law departments and their outside counsel with a strategic rationale, providers said. (Photo: Credit: Elnur/Shutterstock)

An apparent increase in so-called nuclear verdicts is prompting some corporate legal departments to adopt new data tools, including predictive analytics and artificial intelligence to decide whether to litigate or settle claims and which firms and even which lawyers to use before a specific judge.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.