Legal – Defense Costs, Increasing Liabilities, and Soaring Settlements
$4B – Corporate defense spending on class action lawsuits increased to nearly $4 billion in 2023, with labor and employment claims the main driver of these lawsuits, according to Carlton Fields’ annual class action survey. https://riskandinsurance.com/corporate-class-action-defense-spending-hits-4b-in-2023/ What can be done to reduce legal costs and the soaring costs of settlements? First, organizations must utilize “Pre-Incident Indicators” more effectively to successfully prevent more incidents before they occur. Awareity’s client transformations are impressive. Second, organizations must replace expensive and inefficient manual efforts with advanced, data-driven, and proven tools that empower collecting, sharing, assessing, and connecting Pre-Incident Indicators with appropriate internal and external/community resources so they can help,Read More →









