
The influence of third-party lawsuit funding on liability insurance
November 18, 2024
Third-party litigation funding has transformed the legal and insurance landscapes, allowing plaintiffs to pursue cases without bearing upfront costs by transferring financial risks to outside investors. This funding has driven a surge in lawsuits, increased settlement demands, and prolonged case durations, all of which strain liability insurers by raising claims payouts which lead to higher premium rates for policyholders. Discover more about this funding strategy and its implications for the insurance industry in an article by Parker, Smith & Feek Vice President Greg Ryerson featured in the Puget Sound and Portland Business Journals.
The views and opinions expressed within are those of the author(s) and do not necessarily reflect the official policy or position of Parker, Smith & Feek. While every effort has been taken in compiling this information to ensure that its contents are totally accurate, neither the publisher nor the author can accept liability for any inaccuracies or changed circumstances of any information herein or for the consequences of any reliance placed upon it.
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