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The Florida Legislature passed comprehensive property insurance reform before the end of the 2021 Legislative Session, which concluded on Friday, April 30. Senate Bill 76 (“SB 76”) represents the latest attempt to curb litigation trends over first-party property claims and curtail the rise of property insurance premiums by limiting the circumstances in which attorney’s fees are awarded to prevailing insureds and imposing pre-suit requirements on plaintiffs.
Kennedys IQ has taken Portal Manager, its unique, end-to-end solution for compensators, to the next level by using artificial intelligence to assess medical evidence and recommend a damages figure for insurance claims in the MoJ Portal.
In 1997 Harold Skipper wrote about the ways in which insurance contributes to society and economic growth by aiding economic development and stability. However, when claims have to be defended or declined, these can be difficult stories to tell to those outside the industry and without the context of being informed on the issues.
The fourth edition of our most popular guide for claims handlers has launched, helping empower insurers, third party administrators, corporates and their claims teams to become less reliant on their lawyers
Last year brought many new challenges and obstacles. There was however, one constant; the Fundamentally Dishonest claimant. Here are some of our favourite “GOTCHA” moments from 2020.
In a recent article Martin Stockdale worked with colleagues across Kennedys in reviewing the recent report of the Civil Justice Council (CJC) Working Group on low value personal injury claims. Part of their debate and discussion focussed on reforms that address the fraudulent, or unmeritorious, claims. In this post he reprises their review of the main issues.
The Civil Justice Council (CJC) working group has published its recommendations on what further reforms could be introduced for low value injury (under £25,000) injury claims. With a focus on resolving meritorious claims more quickly and with the costs reduced, as well as preventing unmeritorious claims, the group concludes that once the pending ‘whiplash reforms’ have been implemented, there should be no further substantive reforms – not least until the detail of recent measures is clarified.
Kennedys continues to grow in 2021, with the acquisition of Langleys’ insurance team. This sees Kennedys opening an office in Leeds, our 12th in the UK and 42nd globally. The new office will be headed up by David Thompson formerly Managing Partner and Head of Insurance at Langleys.
The 'desperation effect': Preparing for a rise in customer claims as a result of a Covid-induced economic downturn
The annual Claims and Fraud Summit from Insurance Post took place this year virtually on 18-19 November 2020. In this session video from the summit, Kennedys partner Martin Stockdale, Scott Clayton, Zurich Insurance and Stephen Dalton, Insurance Fraud Bureau discuss the anticipated challenges for insurance claims and fraud teams.