The Rapid Rise of Litigation Costs

May 24, 2023 | Webinar

Nuclear verdicts. Third-party litigation financing. Forum shopping. These are just some of the contributing factors driving the rapid increase in the cost of litigation in the U.S. What can be done to reel things in? In this webinar, the Travelers Institute heard insights from Lauren Sheets Jarrell, Esq., Director & Counsel for Civil Justice Policy at the American Tort Reform Association, and Alexia Cruz, Travelers’ SVP and Claim General Counsel. Cruz and Sheets Jarrell explained policies and decisions driving the increase in litigation costs and social inflation in the U.S., the jurisdictions that are working to address rising costs, and practical risk management strategies for organizations navigating an increasingly uncertain litigation environment.

Presented by the Travelers Institute, the Master's in Financial Technology (FinTech) Program at the University of Connecticut School of Business, the Western New England University School of Law, the MetroHartford Alliance, the American Property Casualty Insurance Association and the Risk and Uncertainty Management Center at the University of South Carolina’s Darla Moore School of Business.