American Property Casualty Insurance Association: Indiana Enacts Protections Against Third Party Litigation Funding

CHICAGO, Illinois, March 16 -- The American Property Casualty Insurance Association issued the following statement on March 15, 2024:

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This week Indiana Governor Eric Holcomb signed HB 1160, Civil proceeding advance payment contracts and commercial litigation funding. Brooke Kelley, assistant vice president of state government relations at The American Property Casualty Insurance Association (APCIA) released the following statement:

"APCIA commends Majority Floor Leader Rep. Matt Lehman, Governor Holcomb and the Indiana legislature for their commitment to maintain a fair, efficient, and transparent civil justice system. Requiring disclosure and discovery of funding by third parties involved in the litigation and to the courts is a critical step to restoring balance to the legal system. APCIA is also pleased the bill will prevent foreign adversaries from influencing the litigation process. These common-sense guardrails around third-party litigation funding are necessary to facilitate litigation transparency and protect consumers and businesses."

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The American Property Casualty Insurance Association (APCIA) is the primary national trade association for home, auto, and business insurers. APCIA promotes and protects the viability of private competition for the benefit of consumers and insurers, with a legacy dating back 150 years. APCIA members represent all sizes, structures, and regions--protecting families, communities, and businesses in the U.S. and across the globe.

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Original text here: https://www.apci.org/media/news-releases/release/79394/