By Tasha Williams and Loretta Worters Practices that foster unnecessary or drawn-out litigation are among several hard-to-measure forces that can shift loss ratios for insurers and disrupt forecasts, making cost management more challenging. Ultimately, the resulting cost increase is passed on to consumers, which adversely impacts the affordability and availability of coverage. The Insurance Information … Continue reading New Consumer Guide Highlights The Economic Impact of Legal System Abuse and the Need for Reform→
The Insurance Information Institute (Triple-I) has released its latest issues brief, Legal System Abuse and Attorney Advertising for Mass Litigation: State of the Risk, which discusses how mass torts, specifically Multidistrict Litigation, and aggressive attorney advertising can in combination fuel the risk of legal system abuse. Advertising is one of the most common methods companies … Continue reading Triple-I Brief Highlights Legal System Abuse and Attorney Advertising→
Recent improvement in Florida’s insurance market – fostered by legislation targeting legal system abuse – is threatened by several bills proposed in the state’s 2025 legislative session. Florida’s property insurance market has stabilized thanks to reforms introduced in 2022 and 2023 aimed at reducing excessive litigation and inflated claims. As a result of these reforms, … Continue reading Florida Bills Would Reverse Progress on Costly Legal System Abuse→
By Lewis Nibbelin, Contributing Writer, Triple-I The Georgia Senate recently approved legislation aimed at curbing the state’s soaring litigation. Backed by Georgia Gov. Brian Kemp, Senate Bill 68 is designed to facilitate more equitable courtroom outcomes and stabilize insurance rates. Among other provisions, the bill includes a cap on pain and suffering evidence that would … Continue reading Georgia TargetsLegal System Abuse→
Reforms put in place in 2024 are a positive move toward repairing Louisiana’s insurance market, which has long suffered from excessive claims litigation and attorney involvement that drive up costs and, ultimately, premium rates. But more work is needed, Triple-I says in its latest Issues Brief. Research by the Insurance Research Council (IRC) – like … Continue reading Louisiana Reforms: Progress, But MoreIs Needed to StemLegal System Abuse→
By Lewis Nibbelin, Contributing Writer, Triple-I From “social inflation” to “tort reform” to, simply, “fraud,” settling upon uniform terminology to describe litigation trends that drive up costs – including insurance premiums – for all Americans is a primary challenge to addressing them, according to participants at Triple-I’s 2024 Joint Industry Forum. “As we’re trying to raise … Continue reading JIF 2024: What’s In a Name? When It Comes to Legal System Abuse, A Lot→
Triple-I’s Joint Industry Forum this week in Miami brought together subject-matter experts from across insurance, academia, government, and the nonprofit space to discuss climate resilience, legal system abuse, and – most important – what is being done and must continue to be done to ensure insurance availability and affordability during this period of evolving perils … Continue reading Climate Resilience and Legal System Abuse Take Center Stage In Miami→
The increasing frequency and severity of claims costs beyond insurer expectations continue to threaten insurance coverage and affordability. Triple-I’s latest Issue Brief, Legal System Abuse – State of the Risk describes how trends in claims litigation can drive social inflation, leading to higher insurance premiums for policyholders and losses for insurers. Key Takeaways What we … Continue reading New Triple-I Issue Brief Takes a Deep Dive into Legal System Abuse→
