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Realizing that companies were facing uncertainty from class action litigation,
With class action settlement insurance (CASI), the claims risk, ultimate cost and exposure are borne by the insurer in exchange for a single premium. The CASI product allows clients to settle class action litigation and enjoy certainty, finality and full risk transfer. Assume, for example, a company faces a potential liability of
According to Banigan, this product allows companies to fix the cost and liability of settlement and focus on their core business mission.
For more information on
 We cannot provide tax or accounting advice. Please consult with your tax advisors to determine the appropriate tax and accounting treatment for the settlement and insurance.
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