Hinshaw Reviews Key U.S. Insurance Developments in RPC's 2020 Annual Insurance Review

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In The News | 1 min read

Jan 10, 2020

The Hinshaw insurance services practice authored the United States region chapter on key insurance developments in 2019—and things to watch in 2020—in the global RPC 2020 Annual Insurance Review.

Hinshaw identifies advancing technology and the gig economy as transformational forces in the U.S. insurance industry. Artificial intelligence and predictive analysis is significantly impacting underwriting, while carriers continue to grapple with emerging technology risks, from cyber and data breach claims to privacy challenges and cryptocurrency. The opioid epidemic continues to result in multi-million dollar settlements, while the #MeToo Movement has laid siege to the practice of using nondisclosure agreements in corporate sexual misconduct cases.

Hinshaw also notes adoption of the American Law Institute's Restatement of the Law – Liability Insurance will result in pro policyholder advocacy, meaning insurers must develop effective strategies to combat the effects of the revised Restatement.

Read the Full 2020 Annual Insurance Review (PDF)

Hinshaw & Culbertson LLP is a U.S.-based law firm with offices nationwide. The firm's national reputation spans the insurance industry, the financial services sector, professional services, and other highly regulated industries. Hinshaw provides holistic legal solutions—from litigation and dispute resolution, and business advisory and transactional services, to regulatory compliance—for clients of all sizes. Visit www.hinshawlaw.com for more information and follow @Hinshaw on LinkedIn and X.