Lex Machina, a LexisNexis company, today announced the eleventh expansion of its award-winning Legal Analytics® platform, which now covers insurance litigation.
The new module encompasses more than 92,200 cases pending in federal court since 2009 that involve disputes between an insurer and a policyholder, a beneficiary, or another insurer asserting the rights of a policyholder. Insurance cases represent the third-largest case set on the Legal Analytics platform, with court-awarded damages totaling nearly $2.8 billion.
The Insurance Litigation module provides valuable data-driven insights and trends to help litigators successfully prepare case strategies, and counsel their clients. It covers a broad spectrum of policy types, including homeowners, automobile, life, commercial liability, professional liability, uninsured/underinsured motorists, health, disability income, and many more, with the exception of Medicare, Social Security, and ERISA claims. The module focuses solely on insurance cases (including class actions) that were litigated in Federal District Court, in which parties that reside in different states dispute claims involving more than $75,000.
As part of the product development process, Lex Machina interviewed experienced insurance litigators and insurance industry insiders to better understand the intricacies of insurance litigation, and incorporated their feedback directly into the new offering. As a result, Lex Machina has added 50 insurance case tags and annotations that enable attorneys to focus on the most relevant cases and filter out others – such as hurricane-related cases – that could skew the results. The new module illuminates the track records of opposing counsel and parties in these cases, the experience and behaviors of judges, and other critical factors, such as case timing, findings and damages, which play a critical role in determining case strategy.
“Whether you’re battling against an entrenched and well-capitalized insurance company or defending against a steady stream of litigation, Legal Analytics provides insurance litigators with critical insights that help them identify potential outcomes and make data-driven decisions,” said Owen Byrd, General Counsel and Chief Evangelist at Lex Machina. “Having accurate and compelling data on case timing, resolutions, damages, judicial behaviors, and the opposition’s track record, enables attorneys to counsel clients on whether it would be more beneficial to settle quickly or dig in for a potentially protracted lawsuit.”
With Legal Analytics for Insurance Litigation, attorneys can now see all federal insurance cases in one place to help them prepare for cases – including those outside their familiar jurisdiction. Using the case tags and filters, attorneys can drill down into Lex Machina’s data to answer specific insurance litigation questions such as: “In which cases did insurers win in California because they had no duty to indemnify?” or “How often have claimants won a case because the insurer acted in bad faith?” Legal Analytics is the only platform that incorporates these unique filters into its offering.
Among the 50 new insurance-related case tags added to Legal Analytics are:
With the launch of its insurance module, Lex Machina has already uncovered interesting historical insights into insurance litigation, including:
For more information about Lex Machina’s newest practice area, please register here for the Legal Analytics for Insurance Litigation webcast on August 9 at 10:00am PDT. Lex Machina’s Owen Byrd and Ron Porter will discuss trends and insights for insurance litigation in federal court and give viewers a peek into Lex Machina’s new practice area capabilities.
Copyright © 2018 Legal IT Professionals. All Rights Reserved.