Taking a slice
Legal expenses insurance has become a bread-and-butter part of funding court proceedings. This does not mean that it promotes unfair litigation, argues John Mullin.
Stock market crashes, asbestosis, pneumoconiosis, silicosis, 11September and floods are all contributors to a hard insurance market.
Another contributing factor is legal expenses insurance.
However, insurers should not use legal expenses insurance as an excuse to
exonerate themselves from poor underwriting, investment, administration,
claims reserving, and loss of business through low standards of customer
care. Concerns about industrial diseases were already on the map in the
1960s.
Insurers
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