In the News Today - June 5, 2017

June 05, 2017

Business Group Calls for Federal Rules to Require TPLF Disclosure: More than a dozen business groups have proposed an amendment to the Federal Rules of Civil Procedure to require the disclosure of outside financing arrangements. The proposal contends that the increased prevalence, profitability and diversification of third party litigation funding (TPLF) arrangements prove the need for a rule change to require robust disclosure. (Reuters)

Stemming the Tide of Hailstorm Lawsuits in Texas: Texas hail storm litigation has exploded in recent years, with some estimates of more than 36,000 cases filed since 2012. The Texas Department of Insurance estimates a 1,400 percent increase in these lawsuits between 2012 and 2015. Hail is just one type of storm-related litigation. Similar cases are brought after tornadoes and other natural disasters. That’s why Texas has a new law to stem the tide of these storm chase lawsuits — watch the most recent Faces of Lawsuit Abuse video on this legislation here