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.
On the Hill
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.
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.
