Growth of litigation finance seen as ‘ominous’ if reforms don’t pass
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Growth of litigation finance seen as ‘ominous’ if reforms don’t pass

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The growth of third-party litigation finance is an indisputable challenge for the insurance industry, one that looms large as US courts return to full operations this year with pandemic-induced restrictions winding down.

The precise impact that the flood of funds from investors to law firms large and small is having on social inflation – or increased losses resulting from rising claims settlements and jury verdicts – is impossible to quantify due...

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