Commercial liability claims are becoming increasingly more costly to insurers. Recent studies show that unresolved general liability claims result in lawsuits at least 35 percent of the time. Studies further show that a lawsuit can increase the average general liability claim by more than $75,000 to defend and settle.
The increased costs are being driven by unscrupulous public adjusters, attorneys, medical providers, and others, who continue to develop creative and questionable strategies to force the insurers into quicker and more costly settlements. This session will explore some of the more recent strategies being utilized by these parties including, but not limited to, expensive and questionable medical procedures, "reptile brain" theory trial tactics, partnering with 'factoring" (investment) companies, submitting time limit demands, to name a few.
This session will provide practical and effective investigative methods to expose and mitigate claims involving these questionable and controversial strategies. This session will examine several case studies in which these questionable tactics have been utilized and how they can be effectively mitigated/resolved prior to litigation.