Triple-I: Investors Fund Lawsuits Without Disclosing Their Role

Third-party litigation funding has devastatingly become a multi-billion-dollar global industry, turning lawsuits into investments at the expense of societal good, according to Sean Kevelighan, CEO of the Insurance Information Institute. His firm’s recent report tries to pin increasing insurer legal and settlement costs on the “opaque nature of the industry’s practices, particularly the lack of disclosure.”