Insurance litigation is alive and well.
Houston mega firm, Fulbright and Jaworski has released its annual survey of litigation trends. The survey identifies the insurance industry as the most common target for lawsuits, averaging over a 1,600 pending suits. The survey dispels the notion that large companies are just targets for litigation. Seventy percent of the companies surveyed
had initiated litigation as a plaintiff in the last year. Almost 25% of the companies surveyed had filed lawsuits for more than $20 million and 15% had commenced arbitrations for more than $20 million. The top five types of legal disputes of most concern cited by survey respondents were, in declining order:
Labor/Employment
Contracts
Regulatory
IP/Patents
Class Actions
The survey results make for interesting reading. It can be downloaded from Fulbright’s site at www.fulbright.com
