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Webinar: Wall Street’s Next Bad Move…Litigation Loans?
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Webinar: Wall Street’s Next Bad Move…Litigation Loans?

This 1 hour webinar was presented by Adam J. Brand, Esq. Attorney, Brand & Tapply, LLC on Wednesday, June 28, 2017.

When: 6/28/2017
12:00 PM
Where: Online Webinar
N83 W13410 Leon Road
Menomonee Falls, Wisconsin  53051
United States
Contact: Greg Haag
414 375-2992 ext. 1118

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The session will introduce attendees to the emergence of “litigation loans” and their growing impact on third-party bodily injury insurance claims.  As their name suggests, litigation loans are loans issued by third parties to bodily injury claimants or their attorneys, which are tied to the outcome of an individual personal injury insurance claim or lawsuit. 

In theory, the loans are designed to ease the financial burden of a claimant (or their counsel) until the subject claim is settled; however, in reality these loans are often issued without regard to the ability of the recipient to make payments or the value of the underlying claim and have little to no stipulations on their usage.  Further, the loans serve to prolong the claims settlement process, encourage pursuit of frivolous or fraudulent claims, and contribute to starkly differing claim valuations by insurers and claimants, likely leading to an increase in claims which go to litigation, and costs for claims departments.  


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