Insurance is all about protecting yourself, but it seems there is no getting around lawyers, lawsuits, and litigation.
A recent survey released by the international law firm Fulbright & Jaworski, LLP reveals that a staggering 93 percent of U.S. insurance companies faced at least one new lawsuit in the past year; an unlucky third (33 percent) faced more than 20 new actions. And big dollars go with those big percentages. More than one-half (54 percent) of the insurance companies surveyed reported facing at least one $20 million suit.
The Fulbright & Jaworski annual litigation trends survey takes a macro look at the landscape for business disputes in the U.S. and U.K. The survey reports on findings from multiple industries, as well as breakdowns by company size and region. Data gathering spans numerous topics, from the most prevalent types of lawsuits that businesses face to what new legal burdens are impacting their budgets.
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