Litigation funding, a practice where third-party investors provide financial backing to plaintiffs in exchange for a portion of any eventual settlement or judgment, has rapidly evolved into a multibillion-dollar industry.
Tag: litigation funding
Majority of Americans Unaware of the Impact of Litigation Funding on Legal System
The online survey, conducted by The Harris Poll among more than 2,000 U.S. adults, revealed that a majority of Americans are not aware of the negative impact plaintiff lawyers’ tactics, including predatory advertising and the use of third party litigation funding, have on their household costs via the “tort tax”, whether or not the household is involved in civil litigation
Insurers Call for Federal Disclosure Rules on Third-Party Litigation Funding
Insurance industry representatives called for more transparency into third-party litigation funding and praised federal lawmakers for highlighting the issue during a Sept. 13 U.S. House Oversight and Accountability Committee hearing.
3M Judge Issues Extraordinary Order to Shut Down ‘Predatory’ Litigation Funding
The federal judge overseeing the proposed $6 billion settlement of claims against 3M by hundreds of thousands of U.S. military veterans and service members is apparently not a fan of litigation funding.
Tech & Advanced Digital Marketing Driving Increased Claims Litigation Against Insurers
The latest Artemis live video interview from Reinsurance News’ insurance-linked securities (ILS) focused sister publication, delves into the world of technology enabled claims instigation, which the Co-founders of 4WARN Inc. explained is resulting in both higher claims and litigation.
Traffic Eases Amid Pandemic, but Trucking Insurance Costs Still on Upward Trajectory
Reduced highway traffic during the ongoing COVID-19 crisis has lowered the risk of crashes, but this silver lining of the pandemic has provided only a temporary reprieve for trucking companies that have seen escalating insurance costs in recent years. When the coronavirus outbreak first took hold in North America, miles traveled by the general public… Continue reading Traffic Eases Amid Pandemic, but Trucking Insurance Costs Still on Upward Trajectory