WTW’s Post

How is AI perceived by PI insurers for law firms? The latest WTW market update article is a topical and insightful read…

In this article I question whether the quest for the disclosure of agency fees with no corresponding methodology for assessing their value presents a risk to claimants and law firms - ultimately impacting Access to Justice for all #accesstojustice #legalcosts #costs #medicalagencyfees

Thanks InsurBrief for highlighting why ITS is the only way lawyers can get a true comparison between insurers' terms when arranging #legalindemnity insurance online. As the article states, what's best is that ITS makes the choice for you #jointhefuture

It was great having one of my mentors, Lawrence Fine (he/him), as my first guest in the PLUS video series. In the cases we discussed, the parties involved are currently seeking the Supreme Court to chime in. UPDATE: PETITIONS TO THE SUPREME COURT Cunningham et al. v. Cornell University et al. – Participants filed a petition for certiorari on the following question: Whether a plaintiff can state a claim by alleging that a plan fiduciary engaged in a transaction constituting a furnishing of … services … between the plan and a party in interest, as proscribed by 29 U.S.C. § 1106(a)(1)(C), or whether a plaintiff must plead and prove additional elements and facts not contained in the provision’s text.  AT&T Services, Inc., et al., v. Bugielski, et al. – On April 5, 2024, AT&T Services, Inc., and the plan’s Investment Committee filed a petition for certiorari on the following question: Whether a fiduciary to an employee benefit plan causes the plan to engage in a prohibited transaction under Section 406(a)(1)(C) of the ERISA by entering a routine, arm’s-length agreement for plan services. #ERISA #Fiduciary #ProhibitedTransaction #Exemption #Pleadings Fox Rothschild Professional Liability Underwriting Society

Unclear policies, lengthy processes, heavy paperwork & other complexities can turn your claims journey into a frustrating maze. The right insurance advisor simplifies the complex language, advocates on your behalf & works diligently to assist and expedite your claims, minimizing any disruptions to your business. Whether it is damage to property, liability issues, or employee-related disputes, an experienced advisor can ensure that the company's interests are protected and the claim is resolved in the most favourable manner possible. Connect us to partner https://lnkd.in/gRUMNP98 #InsuranceAdvisor #businessClaims #PolicyLanguage #financialdistress #ClaimResolution #ClaimsJourney #claims #claimsprocessing #MIBL

What does the law say about insurance contracts with perfect good faith? Read here: https://lnkd.in/gDNn2tCx Like us for more updates!  Subscribe to our newsletter here: https://lnkd.in/ggWVutiF #InsuranceContract #GoodFaith #BusinessLaw #AlburoLaw

Big insurance companies always seem to have the upper hand. But a relatively new law puts you on a level playing field if you have a personal injury case. Check out our article and video about it. https://lnkd.in/gg3Zre9M

Attention Business Owners and Managers! Navigating the complexities of employment practices can be challenging. Are you protected against claims of discrimination, wrongful termination, harassment, or retaliation? Learn how Employment Practices Liability Insurance (EPLI) with J. Gregory PEO can safeguard your business and provide peace of mind. Read our latest blog to understand the essentials of EPLI and how it can benefit your organization. https://lnkd.in/e_JpDf7C #BusinessProtection #EPLI #RiskManagement #EmploymentPractices #JGregoryPEO

It can help dispute conflicting accounts of the event, offer clarity to insurance adjusters, and provide critical information for your legal team. Read more 👉 https://lttr.ai/ATc1x #EssentialSteps #TruckAccident #LegalProcess

As we see regulatory demands putting increased pressure on brokers, FullCircl's Ashleigh Gwilliam and David Sparkes of the British Insurance Brokers’ Association, have shed light on using a data-driven approach to address this matter. The need for improved compliance, as articulated by the FCA, has spawned noteworthy discussions within the broker community. Rising compliance costs are inevitable with new regulations, further increasing the strain on brokers, who already bear regulatory costs 40% higher than average. This underlines how critical it is for brokers to adapt innovative solutions to manage these challenges without compromising service quality. The conversation around compliance is not dissipating anytime soon, especially with the anticipated actions against firms that fail to meet regulations. This makes the adoption of a data-driven approach to address regulatory compliance not just desirable, but a necessity. #InsuranceBrokers #BritishInsuranceBrokersAssociation #ComplianceCosts #DataDrivenApproach #RegulatoryCompliance #FinancialConductAuthority #FutureOfInsurance