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Is Third-Party Litigation Funding Contributing to Social Inflation?
Manage episode 424667163 series 2822097
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Over the last decade, third-party litigation funding (TPLF) has evolved into a $17 billion industry worldwide, and 52% of that money is being spent in the U.S., making TPLF a key contributor to social inflation, hiking up jury awards and claim settlements that may have a significant impact on insurance prices and coverage availability.
What is it? How does it work? What effect is it having on pricing? Where do we go from here?
Featuring:
- Bob Greenebaum is an Executive Vice President, Central Region Director, and Casualty Practice Leader located in CRC Group’s Chicago, Illinois office.
Visit REDYIndex.com for critical pricing analysis and a snapshot of the marketplace.
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Chapters
1. Is Third-Party Litigation Funding Contributing to Social Inflation? (00:00:00)
2. What is third party litigation funding? (00:02:09)
3. Is it causing prices to increase? (00:06:19)
4. How do we deal with this? (00:09:00)
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