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Clear communication and legal decisions are the answer to COVID-19 disputes: Prime CEO
COVID-19 has caused immense upheaval for insurers and insureds, with many people left feeling their insurers have abandoned them in their time of need. Rick Lindsey, CEO of Prime Insurance Company, believes this sense of dissatisfaction and betrayal has escalated the situation to a point where class actions are on the cards.
Social inflation: are insurers responsible?
Social inflation is a big issue for insurers, especially in the US where plaintiffs’ lawyers are demanding ever-larger pay-outs, backed by juries who are increasingly inclined to back David against Goliath. But the right approach will reduce this trend, as Rick Lindsey, CEO of Prime Insurance Company, tells Intelligent Insurer.
How Rick Lindsey made Prime Insurance Company shine in a tough market
Rick Lindsey has built Prime Insurance Company using a robust approach to underwriting and claims management, as he explains to Intelligent Insurer.
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