In a report published recently by the National Association of Mutual Insurance Companies, the lawsuit funding industry was blamed for rising insurance premiums.  As absurd as this may seem, never underestimate the lengths insurers will go to excuse premium increases.  For example, read the excerpt below,

“It stands to reason that third-party funding will increase the volume of litigation, and will especially encourage the filing of frivolous and ‘nuisance’ lawsuits,” said Robert Detlefsen, Ph.D., NAMIC’s vice president of public policy. “This will increase insurers’ litigation defense costs, which will ultimately cause premiums to rise.”

In his report, Dr. Detlefsen accomplishes little more than simply offering opinion as fact.  The original report can be viewed here. Read more »