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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.

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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.

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