Facing the‘ New Normal’
Crane owners and insurers may see $ 50 billion in litigation cost
By Kevin Cunningham
As the two previous articles in this series described, thirdparty litigation funding has quickly turned into a systemic cost driver for the insurance industry.
During a panel discussion at the American Property
Casualty Insurance Association( APCIA) annual meeting held recently in Orlando, Florida, corporate executives who are leading civil justice reforms warned that, if unchecked, litigation funding could siphon tens of billions of dollars from insurers. Policyholders would ultimately foot that bill at a time when the crane insurance marketplace faces the challenges of capacity shortage and rising costs.
As the previous Hot Line articles explained, litigation funding enables outside investors such as hedge funds, private equity firms
12 November 28, 2025 www. contractorshotline. com