No one enjoys paying litigation defense costs. Unfortunately, it comes with the territory. As a carrier grows, it becomes an increasingly deep-pocketed target for plaintiff attorneys.
Executive SummaryThe smartest way for insurers to reduce litigation expenses is often overlooked: win in court. Attorney Jason Wolf recommends implementing a companywide strategy of strong claims handling and collaboration between adjusters, underwriters and legal.
There are myriad ways to trim the fat from your legal department, yet the smartest way to reduce litigation expenses is often overlooked: win in court.
This sounds obvious, but the method of winning in court is less obvious. You don’t need to hire the biggest and baddest trial lawyer in town or spend oodles of money on paying defense lawyers.