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The Massive Costs of Tort Litigation
Read more: The Massive Costs of Tort LitigationFull story in DC Journal By Gerald Scimeca Costs related to tort litigation in the U.S. continue to rise, with little being done to bring them in line. Practical, pro-growth reforms will cut costs and restore fairness to our broken system. Tort litigation imposes a significant financial burden on the economy and consumers. Major corporations…
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OpEd: Lawsuit Abuse Costs California Too Much
Read more: OpEd: Lawsuit Abuse Costs California Too MuchFull story in the Los Angeles Business Journal By Nancy Hoffman Vanyek Eighty-three percent of Californians say the legislature should act to stop lawsuit abuse and eliminate what they call the “hidden tax” on families. In a nation where consensus on almost anything is rare, that number should stop lawmakers in their tracks. Rarely do…
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Florida state-backed insurer sees sharp drop in South Florida lawsuits amid reforms
Read more: Florida state-backed insurer sees sharp drop in South Florida lawsuits amid reformsFull story in the Sebastian Daily By Andy Hodges TALLAHASSEE — The proportion of lawsuits filed against Florida’s state-backed property insurer from South Florida has plummeted in recent years a shift attributed to sweeping legislative reforms aimed at curbing what industry officials call frivolous claims. Citizens Property Insurance Corp., which serves as the insurer of…
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Florida’s litigation reform is bringing relief to insurance consumers’ wallets | Opinion
Read more: Florida’s litigation reform is bringing relief to insurance consumers’ wallets | OpinionFull story in the Tallahassee Democrat By Allyson Watts When Florida families open their auto insurance bills this month, many will see something they haven’t experienced in years: lower rates. According to the Florida Office of Insurance Regulation, the state’s major insurers have reduced rates by an average of 6.5% this year. State Farm has…
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Opinion: Litigation Funding Is Secret, But These Documents Raise Questions
Read more: Opinion: Litigation Funding Is Secret, But These Documents Raise QuestionsFull story in Reuters By Jenna Greene Lawyers for Civil Justice, which represents corporations and defense counsel and pushes for more disclosure of litigation funding, last week submitted nine contracts as part of lengthy comments, opens new tab to a judicial panel considering a national rule that would require litigation funding disclosure. The agreements came to light…
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Murdock: Lawsuit abuse by “billboard attorneys” hurts Oklahoma consumers
Read more: Murdock: Lawsuit abuse by “billboard attorneys” hurts Oklahoma consumersFull story in The Journal Record By Sen. Casey Murdock Oklahoma prides itself on a spirit of entrepreneurship, resilience, and common sense. Yet, lurking beneath our vibrant economy is a drain on every consumer: the pervasive issue of lawsuit abuse, fueled by the aggressive advertising of so-called “billboard attorneys.” While these firms promise justice, their high-volume, often speculative litigation tactics…
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Hidden Costs Of Lawsuit Investing: How NC Efforts Could Protect Employers
Read more: Hidden Costs Of Lawsuit Investing: How NC Efforts Could Protect EmployersFull story in Charlotte Business Journal. By Cheryl Richards Imagine running a small business — a family-owned HVAC company in Concord, a child-care center in Raleigh, or a manufacturing shop in Wilson. Your focus is on growing your business, paying your employees and keeping your customers happy. One day, you get hit with a lawsuit.…
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Newsom arrogantly disses corporation that is staying out of CA
Read more: Newsom arrogantly disses corporation that is staying out of CAFull story in AFN. By Chris Woodward & Billy Davis After emerging from bankruptcy under new ownership and ambitious plans, Bed Bath & Beyond is staging a comeback that includes steering clear of the country’s most populated state, California. After filing Chapter 11 bankruptcy in 2023, Bed Bath & Beyond ceased operations after its assets…
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Florida gets two new home insurance companies: What to know
Read more: Florida gets two new home insurance companies: What to knowFull story in Newsweek By Giulia Carbonaro Two new property insurers received approval to operate in Florida this year, according to recent filings, showing that the state is solidly recovering from the crisis that nearly caused its private market to collapse. Viceroy Preferred Insurance and Vision Insurance Exchange marked the 15th and 16th private insurers…
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Florida Cracked Down On ‘Billboard Lawyers’ — And Is Reaping The Rewards
Read more: Florida Cracked Down On ‘Billboard Lawyers’ — And Is Reaping The RewardsFull story in the New York Post. By Josh Hammer For decades, “billboard lawyers” were untouchable as they plastered highways with promises of easy money, weaponized emotion and turned lawsuits into a profit machine. As personal-injury law firms flourished, industries and governments cowered, insurance premiums soared, and ordinary Americans — playing by the rules — paid the price. But…
