Stephen Deane’s Post

View profile for Stephen Deane, graphic

Chief Claims Officer, The Hartford

I came across an article from earlier this year from Reuters discussing third party litigation financing. As a starting point, estimates are that TPLF yields returns 30% or more…those returns are coming from settlements and/or verdicts that claimants are receiving. So in addition to paying attorneys a third of any recovery, some claimants are also paying big shares to these funders as well. Which can significantly drive up claim severity, which drives up costs for the entire business community…and ultimately for everyone as consumers of the business community’s products/services. And yet, litigation financing is virtually unregulated and, in the vast majority of cases, we aren’t even able to get disclosures that a third-party funder is involved. As state legislatures begin to start fall sessions, I’m hoping this will be an area where we see some much-needed reform. https://lnkd.in/emAaW4MC

Considering paths to disclosure in third party litigation financing

Considering paths to disclosure in third party litigation financing

reuters.com

To view or add a comment, sign in

Explore topics