Sedgwick's report shows a rise in attorney representation rates, general liability bodily injury claims, and third-party litigation funding in the industry.
Sedgwick's report reveals rising attorney representation rates and liability litigation in the industry, with a 3.1% increase in general liability bodily injury claims. This is attributed to aggressive advertising by the plaintiffs' bar and Florida's HB 837, which extended limits on one-way attorney fees. The report also highlights the growth of third-party litigation funding, which may face scrutiny due to national security threats and ethical implications. Sedgwick recommends leveraging data and predictive analytics to manage litigation effectively.
May 31, 2024
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