If sued for malpractice, read the lawsuit and determine if insurance can provide coverage. Gather evidence and avoid discussing details with the plaintiff or their lawyer. Contact an experienced lawyer for help. Getting sued for malpractice can be serious, so you don’t want to overlook the matter. Read the cause promptly. Then consider whether there […]
“Incurred but not reported” refers to losses that an insurance company has incurred but not yet paid. This can create a liability for the company, particularly in reinsurance, where it can create a false image of the company’s financial situation. Reserve funds are established to cover expected claims, and once claims are processed and paid, […]
