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November 19, 2018

Insurance Lawyer: Litigation Funding and Class Actions Creating “Perfect Storm” in New Zealand

An insurance lawyer from New Zealand told the Lawfuel blog that third party litigation funding and class action lawsuits can generate “a perfect storm for the insurance market in New Zealand.”

Jonathan Scragg of the Duncan Cotterill law firm said the growing third party litigation funding industry can create “the potential for a significant increase in the number of litigated claims, and the size of those claims.” According to the article, Scragg said this potential has some in the insurance industry nervous that “some funders are simply out there looking for and potentially stirring up litigation to fund, as an investment opportunity.”

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