Its no secret that average BI severities are rising. While some of this is driven by medical inflation, there are other components that can be controlled.
Like emergency room doctors, cops and priests in the confessional booth, insurance people are often asked to clean up the messes that people makeand worse, theyre expected to pay for them.
A recent report from the Ward Group identified that while claims litigation frequency has declined, the cost and expense per case has increased. A successful litigation program has to balance how best to spend defense costs while minimizing settlement payouts. Every firm must establish guidelines and best practices when working...