Vice President and Assistant General Counsel in Zurich North America, Mr Paulus said: ‘Over the past year or two, I have also seen firms return to a habit of periodic rate increases after a hiatus during the financial crisis. The requests are curious in that they are not tied to an increased delivery of value, and seem to exceed inflation and standard measures of expense adjustments.’
High bills
He also takes issue in cases when outside legal advisers do not keep him sufficiently advised on matters. An unwelcome surprise also comes when a bill is disproportionately high in comparison with the exposure faced by the insurer. Source: Bloomberg Business of Law
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