Litigation panel managers at P&C insurance carriers are increasingly focused on the cybersecurity practices followed by panel counsel law firms. This article reviews recent law firm data breaches and identifies industry best practices for panel counsel cybersecurity. Law Firm Cybersecurity Attacks Cybersecurity attacks targeting law firms have been increasing in numbers and severity in recent […]
What to Expect in a Panel Counsel Application
If you are asking how to get on an insurance defense panel, one of the common first steps after you have made your initial introduction is to respond to a Request for Information (RFI) or a Request for Proposal (RFP). This article identifies some of the leading questions you can expect in a panel counsel […]
Cybersecurity Insurance Panel Opportunities
Cybersecurity and data privacy remain a growth area as ransomware and data breaches continue to threaten businesses, healthcare providers, and government agencies on a daily basis. The potential to get on a cybersecurity insurance panel continues to expand since I wrote on this topic in a January post titled, “Cyber Insurance Panel Potential.” As the […]
Auto Insurance Premiums Rise with Inflation
Auto insurance carriers are grappling with inflation trends, according to a recent report by the American Property Casualty Insurance Association (APCIA) titled, “The New Normal? Auto Insurers Continue to Struggle with Inflation.” With the U.S. inflation rate at its highest level in 40 years, inflation is pushing up costs for auto insurers when it comes […]
GEICO Closes Calif. Offices; 2022 Claims & Costs Rise
GEICO has closed 38 agent offices in California, according to an August 1 article by the Sacramento Bee, and GEICO panel counsel members will want to monitor the situation. The offices sold auto and homeowners insurance policies to state residents. The Berkshire Hathaway unit also stopped selling insurance through California telephone agents, according to the […]
Law Firm Marketing Checklist for 2022
Are you ready to attract more legal clients in 2022? It’s a simple question that can take considerable planning. The future of law firm marketing is now digital. Rainmaking in pre-COVID days focused on industry conferences and personal networking. While face-to-face connections are ideal, they are less available in our post-COVID world. Listed below are […]
Panel Counsel Diversity, Equity & Inclusion
Attorney diversity within a law firm is increasingly important to litigation panel managers at leading P&C insurance companies. When panel counsel managers seek outside counsel for the defense of litigation matters—whether employment practices disputes, premises liability claims, or auto accidents—the insurance defense law firm needs to explain how they will contribute to panel counsel diversity. […]
Panel Counsel Business Development Insights
How to get on an insurance panel is changing and panel counsel law firms need to either keep up the pace or risk falling behind competitors. This article identifies three leading factors that managing partners at insurance defense law firms need to master to attract new insurance carriers and self-insured clients. #1. The Future is […]
Google Tackles Premises Liability Claims
Commercial property owners can now manage slip and fall, workers’ compensation, and other premises liability claims more accurately with risk management tools recently launched by Google Cloud in partnership with BlueZoo Inc., a technology startup company. The new Google premises liability claims prevention service features occupancy measurement technology designed to quantify, predict, and prevent the […]
Cyber Insurance Claims Analyzed in Ransomware Report
The average ransomware demand was $175,000 in 2019, a 12-fold increase from $15,000 in 2017, according to the Ransomware 2021 Spotlight Report issued by NetDiligence. The report focuses on small to medium enterprises (SMEs). Cyber insurance claims attorneys can use this report to better understand the rapidly changing cyber insurance market. The healthcare, professional services, […]
