E. F. Cullerton News
Insurance Information Institute announces that Florida will target transparency in third-party litigation funding
The Insurance Information Institute (III) announced that Florida lawmakers plan to revisit transparency requirements for third-party litigation funding (TPLF) in an email sent on January 23.
Florida insurance expert on HB 837: ‘the plaintiffs’ bar went to great lengths to avoid application of the new laws to existing cases’
Michael Pagenta, Assistant Vice President of the reinsurance firm Gen Re, stated that Florida plaintiff’s attorneys filed "more than 70,000 lawsuits" in the week leading up to the enactment of tort reform bill HB 837. This action was taken in hopes of "avoiding application of the new laws to existing cases." Pagenta's statement was made in a March 25 post on Gen Re’s website.