US EditionLegal advertising & third-party litigation funding fuel rise in insurance costs: Triple-I
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Legal advertising & third-party litigation funding fuel rise in insurance costs: Triple-I
A new brief by the Insurance Information Institute (Triple-I) suggests that a sharp rise in attorney advertising, mass torts and third-party litigation funding (TPLF) in the United States is linked to the rising insurance costs. According to research from the American Tort Reform Association (ATRA), legal service providers spent more than $2.5 billion on 26.9 million ads in 2024 alone, with significant increases in television, radio and outdoor …
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