Outsourcing Transactions In The Insurance Industry

Law360, New York (December 22, 2011, 1:52 PM EST) -- The insurance industry has long been focused on reducing costs and improving operational efficiencies. With the turbulence in today’s insurance marketplace, those efforts have been renewed and strengthened, resulting in an increase in outsourcing transactions.

We have also observed an expanded scope of services that would have never before been considered appropriate for sourcing to a third party. In light of this expansion of both volume and scope, this article identifies several of the unique legal issues our insurance industry clients face in today’s outsourcing marketplace....
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