K. R. Nelson News
Consumer Choice Center pushes for 'Auto Choice' insurance reform to cut premiums
The Consumer Choice Center has published a new policy primer, Fixing What’s Broken: Practical Consumer-Friendly Insurance Reforms to Save Money, advocating for reforms aimed at reducing costs and increasing options in auto insurance for American drivers. The proposed “auto choice” system would allow consumers to choose between tort and no-fault insurance models, aiming to reduce litigation expenses, foster competition, and lower premiums.
124 companies request mandatory disclosure of third-party litigation funding
Over 100 major companies, including Amazon, General Motors, and Meta, called on the U.S. judiciary to adopt a nationwide rule requiring mandatory disclosure of third-party litigation funding (TPLF) in federal lawsuits.
Nationwide official: ‘we're trying to protect our customers from what is a very, very sophisticated legal abuse system’
Russ Johnston, Nationwide’s President of Commercial Lines, said during a September 9 episode of the Insurance Information Institute’s podcast that Nationwide is trying to protect its customers from a system of "legal abuse" in the form of third-party litigation funding (TPLF).