WASHINGTON–Insurers are more than five times more likely to be sued than other American businesses of similar size, according to a new survey of corporate lawyers.
The survey by Fulbright & Jaworski law firm in New York calls insurers the "undisputed champions" of disputes in America, or "litigation Olympians."
The survey found that, in general, companies with more than $1 billion in annual revenues face the largest litigation burden in the U.S. At the same time, the survey found American companies "give as well as they get," with 70 percent of U.S. companies bringing actions as plaintiffs in the past year.
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