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Report: Litigation Funding Is One Reason for Increasing Costs of Australian Insurance Claims

A.M. Best last week posted an interview with Laura Coppola, North American head of management liability for Allianz Global Corporate & Specialty.  In the interview available on A.M Best’s “BestTV” (available here), she said that one reason for increased commercial claims in Australia is the backing of litigation funding companies.  Said Coppola: “One of the culprits that we’ve seen though outside of the U.S., specifically in Australia, is the onset of litigation funders.”  She also said the risk related to litigation funding is “coming to the U.S.”  A transcript of the interview is available here.