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Virginia Should Pump the Brakes on Increasing Auto Insurance Rates

February 13, 2019

Drivers in the Commonwealth of Virginia enjoy some of the lowest auto insurance rates in the U.S. But its House of Delegates is considering giving the green light to a bill that could potentially raise insurance rates for drivers and give the trial bar an E-Z Pass to file more lawsuits.

  1. In the News Today - February 19, 2019

    February 19, 2019 | News

    "Disputes Heating Up Over Gov't Qui Tam Dismissal Authority... Read More

  2. ILR's Harold Kim: Florida Lawmakers Must Fix Assignment of Benefits Crisis

    February 19, 2019 | News

    ILR'S COO Harold Kim and Fla. Chamber of Commerce CEO Mark Wilson have a joint op-ed in the Tallahassee Democrat calling on state lawmakers to fix the growing assignment of benefits (AOB) crisis... Read More

  3. In the News Today - February 15, 2019

    February 15, 2019 | News

    Former West Virginia Chief Justice Sentenced to 2 Years in Prison... Read More

  4. Bill Barr Confirmed as Next Attorney General

    February 15, 2019 | News

    The U.S. Senate has confirmed Bill Barr to be the next U.S. Attorney General by a 54-45 vote yesterday, the National Law Journal reports.... Read More

  5. In the News Today - February 14, 2019

    February 14, 2019 | News

    Missouri Lawmakers Aim to Limit Out-Of-State Plaintiffs in Their Courts... Read More

  6. Senators Introduce The Litigation Funding Transparency Act

    February 14, 2019 | News

    National Law Journal reports that Sens. Chuck Grassley (R-IA), John Cornyn (R-TX), Thom Tillis (R-NC), and Ben Sasse (R-NE) reintroduced the Litigation Funding Transparency Act, which would require third party litigation funding arrangements to be disclosed in litigation.... Read More

  7. Virginia Should Pump the Brakes on Increasing Auto Insurance Rates

    February 13, 2019 | Blogs

    Drivers in the Commonwealth of Virginia enjoy some of the lowest auto insurance rates in the U.S. But its House of Delegates is considering giving the green light to a bill that could potentially raise insurance rates for drivers and give the trial bar an E-Z Pass to file more lawsuits. ... Read More

  8. In the News Today - Februrary 13, 2019

    February 13, 2019 | News

    "Cooperation, Not Lawsuits, Right Way Forward for Florida on Climate"... Read More

  9. "ALI Shouldn't 'Teach' Insurance Restatement In A Courthouse"

    February 13, 2019 | News

    In a Law360 expert analysis piece, the chair and founder of the Mintz Levin law firm's Insurance Practice said the American Law Institute (ALI) should not ask judges "to lend the prestige of their office to aid" the group's marketing campaign of its controversial Restatement of the Law on Liability Insurance (RLLI). ... Read More

  10. Senators Move to Shine a Light on the Litigation Funding Industry

    February 13, 2019 | Blogs

    Billions of dollars are being invested in lawsuits by sophisticated hedge funds that, according to some of these firms, yield huge money for them. Yet neither the defendant, nor in many cases the actual plaintiffs, have any idea that this is happening.... Read More

  11. In the News Today - February 12, 2019

    February 12, 2019 | News

    Settlement Rejection Shows Courts Are Hesitant to Approve Deals "Thin on Details But Rich in Attorney's Fees"... Read More

  1. In the News Today - February 19, 2019

    February 19, 2019 | News

    "Disputes Heating Up Over Gov't Qui Tam Dismissal Authority... Read More

  2. ILR's Harold Kim: Florida Lawmakers Must Fix Assignment of Benefits Crisis

    February 19, 2019 | News

    ILR'S COO Harold Kim and Fla. Chamber of Commerce CEO Mark Wilson have a joint op-ed in the Tallahassee Democrat calling on state lawmakers to fix the growing assignment of benefits (AOB) crisis... Read More

  3. In the News Today - February 15, 2019

    February 15, 2019 | News

    Former West Virginia Chief Justice Sentenced to 2 Years in Prison... Read More

  4. Bill Barr Confirmed as Next Attorney General

    February 15, 2019 | News

    The U.S. Senate has confirmed Bill Barr to be the next U.S. Attorney General by a 54-45 vote yesterday, the National Law Journal reports.... Read More

  5. In the News Today - February 14, 2019

    February 14, 2019 | News

    Missouri Lawmakers Aim to Limit Out-Of-State Plaintiffs in Their Courts... Read More

  6. Senators Introduce The Litigation Funding Transparency Act

    February 14, 2019 | News

    National Law Journal reports that Sens. Chuck Grassley (R-IA), John Cornyn (R-TX), Thom Tillis (R-NC), and Ben Sasse (R-NE) reintroduced the Litigation Funding Transparency Act, which would require third party litigation funding arrangements to be disclosed in litigation.... Read More

  7. In the News Today - Februrary 13, 2019

    February 13, 2019 | News

    "Cooperation, Not Lawsuits, Right Way Forward for Florida on Climate"... Read More

  8. "ALI Shouldn't 'Teach' Insurance Restatement In A Courthouse"

    February 13, 2019 | News

    In a Law360 expert analysis piece, the chair and founder of the Mintz Levin law firm's Insurance Practice said the American Law Institute (ALI) should not ask judges "to lend the prestige of their office to aid" the group's marketing campaign of its controversial Restatement of the Law on Liability Insurance (RLLI). ... Read More

  9. In the News Today - February 12, 2019

    February 12, 2019 | News

    Settlement Rejection Shows Courts Are Hesitant to Approve Deals "Thin on Details But Rich in Attorney's Fees"... Read More

  10. "Securities Class Action Filings Show No Signs Of Abating"

    February 12, 2019 | News

    Three partners with the Skadden Arps law firm said in a Law360 expert analysis piece that they "anticipate the ever-increasing number of securities filings to continue into 2019."... Read More

  11. In the News Today - February 11, 2019

    February 11, 2019 | News

    "Driverless Car Bill Stalls In Congress, So States Gear Up"... Read More

  1. A Big Win for Integrity: New York City Bar Association Rules Out Splitting Fees With Investors

    August 16, 2018 | Blogs

    One of the most influential bar associations in the country has voiced a full-throated condemnation of a core element of the litigation funding business model: promising a percentage of anticipated fees in exchange for cash.... Read More

  2. Why is a Securities Class Action Lawsuit In Massachusetts Causing a Stir in the Arkansas Legislature?

    August 06, 2018 | Blogs

    Boston and Little Rock are more than 1,200 miles apart, but a $300 million settlement in a securities class action lawsuit has developments in the former causing concerns in the latter. ... Read More

  3. From Theory to Practice: DOJ Asserts Its Rightful Authority

    August 01, 2018 | Blogs

    For more than 30 years, the Department of Justice (DOJ) has largely declined to take action against frivolous litigation under the False Claims Act (FCA)-but that's starting to change.... Read More

  4. 20 Years of ILR Accomplishments: Lending a Helping Hand to a Local Business

    July 23, 2018 | Blogs

    On May 3, 2005, the Chung family opened up their dry cleaning store in Washington, D.C. for what should have been a normal day of business. Thirteen years later, the District of Columbia Board on Professional Responsibility recommended one of the Chung's customers from that day be suspended from his profession.... Read More

  5. Finally: A Plaintiffs' Lawyer Who Stopped at Nothing Pays the Price

    July 20, 2018 | Blogs

    A New York appeals court has turned what could be the last page on a twisted tale of manipulation, bribery, back-room dealing and bombast that is sure to go down in legal history. Last week, the court suspended the law license of plaintiffs' bar crusader Steven Donziger until further notice.... Read More

  6. Lawsuit Lending Again Rears Its Ugly Head, This Time for Injured Football Players

    July 19, 2018 | Blogs

    Look no further than the National Football League (NFL) concussion settlement as an example, where lawyers, plaintiffs, and the court are engaged in a legal battle that has nothing to do with the settlement's purpose.... Read More

  7. No Good Deal Goes Un-litigated

    July 18, 2018 | Blogs

    Want to sign a merger deal? You'll probably need to fight a lawsuit before the ink is dry, and it won't be cheap.... Read More

  8. California Legislature Refuses to Rein in Misleading Drug Lawsuit Ads

    July 12, 2018 | Blogs

    California plaintiffs' lawyers came out in force last week to stop a bill that would make deceptive drug lawsuit advertising by lawyers a violation of the state's major consumer protection law. The bill was unanimously passed by the California Assembly in May, but a hearing scheduled before the state Senate Judiciary Committee for July 3 was abruptly cancelled after the politically-powerful group, Consumer Attorneys of California, voiced its opposition. ... Read More

  9. Securities Class Action Lawsuits Remain Near 2017 Record High

    July 12, 2018 | Blogs

    The chances of a company being sued in a securities class action lawsuit are higher now than at any time in the 20 years since Congress passed the Private Securities Litigation Reform Act (PSLRA), which rewrote the rules for modern securities fraud litigation in 1995. ... Read More

  10. Senate Must Confirm Brian Benczkowski Today

    July 11, 2018 | Blogs

    Today the U.S. Senate is scheduled to vote on confirming Brian Benczkowski to this key post, which will allow DOJ to continue on its path of reining in over-enforcement against American companies. ... Read More

  11. California Coffee Kills

    July 03, 2018 | Blogs

    Or at least, that's what the state's Proposition 65 law might lead you to believe.... Read More

  1. Lawsuit Over Coffee Warning Labels Named Most Ridiculous of 2018

    December 18, 2018 | Press Release

    A lawsuit targeting California coffee houses for not including warning labels on their products tops the U.S. Chamber Institute for Legal Reform's (ILR) list of the Top 10 Most Ridiculous Lawsuits of 2018. ... Read More

  2. U.S. Chamber Comments on New York Lawsuit Against ExxonMobil

    October 24, 2018 | Press Release

    Lisa A. Rickard, president of the U.S. Chamber Institute for Legal Reform (ILR) made the following statement about the lawsuit filed today by New York State against ExxonMobil using the Martin Act:... Read More

  3. Study: U.S. Tort System Costs $429 Billion

    October 24, 2018 | Press Release

    WASHINGTON, D.C. - A new report released today by the U.S. Chamber Institute for Legal Reform (ILR) shows that the cost and compensation paid in the U.S. tort system totaled $429 billion-or 2.3 percent of the U.S. gross domestic product (GDP)-in 2016.... Read More

  4. U.S. Chamber Honors Advocates for Legal Reform

    October 24, 2018 | Press Release

    WASHINGTON, D.C. - Today, the U.S. Chamber Institute for Legal Reform (ILR) presented its 2018 Legal Reform Award to two distinguished individuals and one organization at its Summit XX: Law, Policy, Politics event.... Read More

  5. U.S. Chamber Welcomes DOJ Action to Prevent Asbestos Fraud

    September 13, 2018 | Press Release

    Lisa A. Rickard, president of the U.S. Chamber Institute for Legal Reform (ILR), made the following statement about the U.S. Department of Justice (DOJ) statement of interest in asbestos bankruptcy trust creation:... Read More

  6. Survey: Only 13 Percent of Consumers Support European Commission's Current Collective Action Lawsuit Proposal

    July 11, 2018 | Press Release

    ... Read More

  7. Report: U.S. Supreme Court Ruling Can Help Businesses Defend Against Lawsuit 'Forum Shopping'

    June 04, 2018 | Press Release

    ... Read More

  8. Consumers Overwhelmingly Say Lawsuits Should Not "Regulate" New Technologies

    April 18, 2018 | Press Release

    SEATTLE, WA - During an event today the U.S. Chamber Institute for Legal Reform (ILR) will release a new survey finding that, contrary to the claims of many plaintiffs' lawyers, nearly 82 percent of consumers believe that filing lawsuits is not the best way to regulate emerging technologies, such as cars that operate without a human driver. ... Read More

  9. U.S. Chamber: Proposal Could Make EU a Major Global Hub for Abusive Litigation

    April 11, 2018 | Press Release

    Lisa A. Rickard, president of the U.S. Chamber Institute for Legal Reform (ILR), issued the following statement today about the European Commission's proposal to rescind and replace the EU's "Injunctions Directive." The proposal would create a new European Union-wide framework for collective redress (class action lawsuits): ... Read More

  10. U.S. Chamber: D.C. Circuit Ruling a Positive Step, But Congress Should Modernize the Telephone Consumer Protection Act

    March 16, 2018 | Press Release

    Lisa A. Rickard, president of the U.S. Chamber Institute for Legal Reform (ILR), issued the following statement today about the D.C. Circuit Court's ruling vacating portions of the Federal Communications Commission's (FCC) 2015 Telephone Consumer Protection Act (TCPA) declaratory order:... Read More

  11. Report: Asbestos Bankruptcy Trusts Running Short of Money to Pay Future Claimants, System Lacks Safeguards

    March 08, 2018 | Press Release

    WASHINGTON, D.C. -- A new report released today by the U.S. Chamber Institute for Legal Reform (ILR) highlights that asbestos bankruptcy trusts are being depleted, jeopardizing their ability to fully compensate future claimants.... Read More

  1. ILR Research Review - Fall 2018

    November 20, 2018 | Research

    ILR's Fall 2018 research cycle was about two things: spotting new, destructive legal trends before they become unstoppable, and highlighting concrete progress in addressing long-standing litigation challenges. The 2018 Fall Research Review reveals the exploding costs of the U.S. tort system, and examines developments in securities litigation, forum shopping, False Claims Act policy reform, and the European Commission's project to implement class actions.... Read More

  2. Costs and Compensation of the U.S. Tort System

    October 24, 2018 | Research

    The tort system cost Americans $429 billion in 2016. That's the principal finding from ILR's new research, which arrives at that shocking figure by examining data on liability insurance premiums and estimates of the liability exposure of businesses and individuals that are uninsured or self-insured. The research also indicates that only 57 percent of the $429 billion went to plaintiff compensation. The rest went to lawyers' fees and other expenses.... Read More

  3. A Rising Threat: The New Class Action Racket That Harms Investors and the Economy

    October 24, 2018 | Research

    Abusive securities class action lawsuits are imposing huge costs on investors without providing any benefit, and the only winners are the lawyers, who take home millions of dollars in fees. This research documents how the plaintiffs' bar has adapted to the litigation reforms of the ‘90s to launch a new wave of securities class actions-one that is already reaching record heights.... Read More

  4. A 'Fair Deal' for Consumers? An Update on EU Consumer Attitudes Towards Collective Actions and Litigation Funding

    July 11, 2018 | Research

    As the European Commission's proposal on collective actions (known as class actions in the United States) makes its way through the European Union's legislative process, it is important to assess EU consumer opinion of the proposal and the safeguards included (and not included) in the legislation. This survey captured the views of 5,097 consumers across five EU Member States.... Read More

  5. Lighting the Way: FCA Reform and Compliance Program Credit

    June 27, 2018 | Research

    This paper contends that in order to encourage companies to create and sustain a culture of consistent compliance, particularly with regard to the federal False Claims Act, the U.S. Department of Justice should formalize a policy of offering credit for companies that implement effective compliance and ethics programs.... Read More

  6. BMS Battlegrounds: Practical Advice for Litigating Personal Jurisdiction After Bristol-Myers

    June 04, 2018 | Research

    The U.S. Supreme Court's decision last year in Bristol-Myers Squibb Co. v. Superior Court was a clear statement that the days of blatant, unchecked plaintiff forum shopping in search of outsized verdicts are at an end. ILR's research explores this paradigm shift and provides practical advice for defendants litigating BMS in the trenches.... Read More

  7. ILR Research Review - Spring 2018

    May 31, 2018 | Research

    The Spring 2018 ILR Research Review explores a wide range of long-standing and emerging issues in legislation, regulation, and litigation, including artificial intelligence and other emerging technologies, state qui tam False Claims Acts, West Virginia legal reforms, and asbestos bankruptcy trusts.... Read More

  8. Torts of the Future: Autonomous Vehicles

    May 17, 2018 | Research

    Among all emerging technologies examined in ILR's Torts of the Future research papers, autonomous vehicles (AVs) may be popping up in headlines more than any other. In order to respond to this trend in public policy and interest, and to provide a valuable tool for legislators, regulators, and businesses seeking to learn more about this topic, ILR has compiled insights from two years of research on emerging liability and regulation issues for autonomous vehicles.... Read More

  9. Torts of the Future II: Addressing the Liability and Regulatory Implications of Emerging Technologies

    April 18, 2018 | Research

    The second edition of ILR's Torts of the Future research examines evolutions in regulatory and liability trends for emerging technologies including artificial intelligence, virtual reality, wearable devices, and 3D printing. The research also presents a number of updated guiding principles to inform courts, legislators, and policymakers as they seek to address privacy and safety concerns without derailing or delaying innovation.... Read More

  10. Dubious Distribution: Asbestos Bankruptcy Trust Assets and Compensation

    March 08, 2018 | Research

    The asbestos bankruptcy trusts, created with the goal of sustainably processing and paying valid asbestos personal injury claims, are quickly being depleted. ILR's research finds that of the 35 asbestos trusts operating as of early 2008, 21 are paying an average of 40 percent less today than in 2008, putting future compensation for asbestos victims in doubt. The paper documents the causes of this rapid depletion, including the highly significant impact of attorney contingency fees.... Read More

  11. The Great Myths of State False Claims Acts

    February 28, 2018 | Research

    The 2018 update to "Great Myths of State False Claims Acts" shows that the whistleblowers' bar is continuing to capitalize on state qui tam False Claims Acts (FCAs), harvesting windfall awards from states and the federal government. The paper also points out that the dubious benefits of implementing a state FCA turn into a clear financial net negative when states allow their FCAs to fall out of compliance with federal standards.... Read More