Lawyers Are Key Players For The Insurance Industry

 Monday, April 10, 2017

 Insurance Business

The insurance industry needs to stop seeing lawyers as the “evil” enemy and appreciate the business they dole out, says a leading insurance law professor. “I think that insurance companies, brokers and agencies — too many view law and lawyers as the enemy, when really what they are is a crucial part of the system that the insurance industry and business depends on,” said Tom Baker, professor of insurance law at Penn Law School. “I mean, what would happen to the automobile liability industry if lawyers stopped suing for automobile accidents? That’s in the ‘be careful what you wish for’ category.