Open AccessLitigation Risk Factors As Identified By Malpractice Insurance Carriers
Author(s) -
Mark Linville,
John Thornton
Publication year - 2011
Publication title -
journal of applied business research
Language(s) - English
Resource type - Journals
eISSN - 2157-8834
pISSN - 0892-7626
DOI - 10.19030/jabr.v17i4.2240
Subject(s) - business , malpractice insurance , malpractice , actuarial science , litigation risk analysis , specific risk , accounting , finance , law , audit , political science
We examine the application forms of the major insurance companies to identify risk factors associated with non-Big 5 CPA firm litigation. We find considerable agreement among insurers as to the client-specific and firm-specific information they request. Moreover, the information requested by insurers confirms several client-specific risk factors found significant in prior research, and introduces several firm-specific risk factors that should be examined in the future.