Claims trends
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The investigation follows several civil racketeering cases filed by Tradesman based on similar facts. -
Early adopters of AI will see efficiencies – and likely increased market share, Kantar said.
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The exec said the feds have been given data to potentially pursue criminal charges.
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Coverage has broadened while limits have increased, the broker said.
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A deep-dive analysis shows LitFin is not the boogeyman this industry paints it out to be.
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Chubb told insurers to look inward in the fight against LitFin, but insurers are also tied to that industry.
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Florida’s top regulator says he’s eyeing eventual tweaks to the state’s cat fund, too.
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Competition and ample capacity are pushing premiums lower.
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This in turn gives carriers on a tower a little more liberty and less risk to optimize claim outcomes.
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The CEO spoke after Chubb chief executive Evan Greenberg’s call to action at RIMS.
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Writing credit wraps for LitFin firms and steering third-party assets to them should stop.
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The carrier said it is prepared to drop asset managers, lawyers, banks and brokers.
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