The increasing presence of third-party litigation funding in Canada is raising concerns within the insurance sector. A report by Dentons, commissioned by the Insurance Bureau of Canada, warns that these financial vehicles are being leveraged by investors to benefit from legal disputes, consequently driving up insurance costs for Canadian businesses. The trend could potentially lead to a more litigious environment, impacting insurers by increasing the frequency and cost of claims.
To learn more about this evolving legal-financial landscape, read the full article at Law.com.