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October 18, 2017 in Editors' Featured
Litigation Financing and Nuclear Verdicts Tackled at Risk Management Conference
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So-called nuclear verdicts, particularly in the commercial auto industry, are often being exacerbated by litigation financing. John Ferrante, vice president of litigation management for Energi Insurance Services Inc., explains how the massive verdicts handed down by juries in commercial auto incidents are hurting the industry's bottom line, and he talked about the hand that the powerful and growing "cottage industry" that litigation financing has become has had in commercial auto losses.
