D+C-R=L2
Mathematical formulas are often the simplest way to express complex ideas, provided there’s an understanding of the math. The above formula works out to: D = a Disaster (any kind will do); C = the Claims (assumedly numerous) that the disaster generates; -R = the number of Recoveries that are rejected (in whole or in part) by carriers. This equals L虏: the number of secondary Litigation filed as a result of the refusals.
Was this article valuable?
Here are more articles you may enjoy.
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit
‘We’ll Want Some Proof’: State Farm CEO’s Take on NY Auto Insurance Reforms
Intersecting Risks and the Future of Construction Insurance
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 

