Legislation to Curtail Third-Party Litigation Funding Advances
Now awaiting action in the U.S. House, the bill addresses the current system that allows outside investors, including foreign governments, to secretly finance lawsuits for profit.
Government Affairs
Legal System Abuse: Rising Costs for Insurance
On this episode of Agency Nation Radio, host Nathan Riedel, Big “I” senior vice president of federal government affairs, is joined by Jeff Beck, senior vice president of government and regulatory affairs at Selective Insurance, and John Barbour, CEO of the Independent Insurance Agents of Georgia.
Top 5 Most-Read Articles in Independent Agent in June
Erie Insurance and Philadelphia Insurance Companies grappled with extended system outages, prompting errors & omissions concerns for independent insurance agents.
Big ‘I’ Releases Trusted Choice® Legal System Abuse Toolkit
The new toolkit helps independent insurance agents educate clients about legal system abuse, explain rising costs and advocate for reforms.
Big ‘I’ President & CEO Highlights Tax Reform, Legal System Abuse at Industry Forum
Charles Symington, Big “I” president & CEO, participated in a panel at the 2025 Insurance Information Institute’s Joint Industry Forum in Chicago.
Legislation Introduced to Close the TPLF Tax Loophole
The “Tackling Predatory Litigation Funding Act” was introduced in both the U.S. Senate and House to create a new tax for third-party litigation funding and to clarify it does not qualify for capital gains treatment, a loophole that currently allows foreign investors to pay zero U.S. taxes.
Georgia Cracks Down on Legal System Abuse with Comprehensive Reforms
This week, Georgia Gov. Brian Kemp signed into law a comprehensive package of legal reform measures designed to restore balance and fairness to the state’s troubled civil justice system.
From Polls to Policy: Understanding the Post-Election Legislative Agenda
Molly Abboud, Big “I” director of political affairs, hosts a discussion with Charles Symington, Big “I” president & CEO, and Nathan Riedel, Big “I” senior vice president of federal government affairs to discuss the 2024 election results and how they will impact the Big “I” legislative agenda.
Third-Party Litigation Funding Scrutinized in House Oversight Committee
The hearing investigated how outside capital is funding litigation against companies and agencies to achieve policy goals and examined the lack of oversight in this area.
