News

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.

A new survey of consumers from the Big “I” reveals growing concern that excessive and abusive litigation is driving up costs for consumers and reforms are needed.

Last week, the American Property Casualty Insurance Association (APCIA) hosted its annual meeting in Orlando, Florida.

Erie Insurance and Philadelphia Insurance Companies grappled with extended system outages, prompting errors & omissions concerns for independent insurance agents.

The new toolkit helps independent insurance agents educate clients about legal system abuse, explain rising costs and advocate for reforms. 

Charles Symington, Big “I” president & CEO, participated in a panel at the 2025 Insurance Information Institute’s Joint Industry Forum in Chicago.

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.

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 has been an emerging issue over the past several years and its evolution is creating deeper ripples across the insurance ecosystem.

The American Property Casualty Insurance Association (APCIA) annual meeting this week focused on several hard market catalysts and the outlook for 2024.