The Risks For Insurance Carriers Going Paperless

Law360, New York (June 29, 2009, 12:00 AM EDT) -- With more and more companies, and particularly insurance carriers, going to paperless files, serious risks are arising where there are challenges to the validity of any documentation or the production of claims files.

While this issue exists in many corporate settings, it is particularly troublesome in the insurance industry. Questions are only now starting to arise as to who maintains original releases and settlement documents in the traditional liability situation.

Historically, insurance carriers have maintained hard copy files for a set period of time. Usually this...
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