Before agreeing to pay or reimburse an insured for defense costs incurred by it, the carrier is advised to look for a number of indices that typically portend unreasonable defense costs. These indices are often referred to as the "red flags" of excessive billing and include the enumerated items set out below: • Insufficient Detail/Vague Time Entries Source: The Insurance Handbook On Insured-Selected Independent Counsel, Meckler Bulger Tilson Marick & Pearson |
Red Flags of Excessive or Unreasonable Attorney Fees
November 30, 2009 | Posted in : Billing Practices, Coverage of Fees, Defense Fees / Costs, Litigation Management