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December 12, 2017

“Shine A Light On 3rd-Party Litigation Funding”

Florida Chamber issues alert on assignment of benefits abuse, rising premiums: The Florida Chamber of Commerce and the U.S. Chamber Institute for Legal Reform is warning Floridians of the dangers of signing their insurance benefits over to contractors, who later sue insurance companies for failing to pay inflated claims. One study found that these lawsuits, known as “assignment of benefits” lawsuits, may increase insurance premiums by 50 percent over the next five years. (Florida Politics)

NY Should Reform Tort Law, Group Says: Cary Silverman and Mark Behrens, both partners at Shook, Hardy & Bacon, said New York’s laws “encourage a proliferation” of lawsuits which impedes “infrastructure renewal and economic growth in a state that desperately needs more of both.” Silverman and Behrens pointed to caps on noneconomic damages and removing liability under the state’s 1885 Scaffold Law as two potential reforms. (New York Law Journal

Delaware General Assembly Blog Delaware Wants to Take a Closer Look at the TPLF Industry   Third Party Litigation Funding (TPLF) Blog European Parliament Legal Affairs Committee Adopts TPLF Legislative Initiative Report International Initiatives, Third Party Litigation Funding (TPLF) Welcome to Delaware Sign Blog Another Federal Court Now Requires Disclosure of Third Party Litigation Funding Third Party Litigation Funding (TPLF) litigation funders, beach scene Blog Sun, Sea, but no Sand(box) for Florida Lawsuit Investors Lawsuit Lending, Third Party Litigation Funding (TPLF) Blog Third Party Litigation Funding: Buying Trouble Across the Globe International Initiatives, Third Party Litigation Funding (TPLF)

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