Entries by Eric Schuller

Industry Reaction to Announcement that Tennessee’s Only Locally Based Consumer Legal Funding Company is Shutting Down Home-State Service Due to Harsh Regulations

July 2, 2015 /in /by

Provident Litigation Finance, the only Tennessee-based provider of Consumer Legal Funding, announced today it is shutting down its services for Tennessee consumers as harsh state regulations take effect. Provident was started in 1999 by Nashville resident Dan Cleary, who personally ran the business ever since, serving more than 10,000 Tennesseans. Cleary was the largest provider […]

Insurance Watchdog Group “Hall of Shame”

May 28, 2015 /in /by

As consumers become more aware of the barriers many insurance companies erect that prevent people from getting fair and timely claims settlements, many consumers are seeking information to help them pick insurance they can rely on. The watchdog group “Fight Bad-faith Insurance Companies” (FBIC) created a list of insurance companies that it determined follow “Bad-Faith” […]

HB160 helps insurers, not consumers

May 21, 2015 /in /by

There is a bill making its way through Alabama Senate, HB 160, which will eliminate a vital financial tool for consumers of Alabama. The bill deals with Consumer Legal Funding. Consumer Legal Funding is where a company provides financial assistance to consumers who have a pending legal claim and only is repaid when and if […]

Consumer Legal Funding has nothing to do with Tort Reform

March 16, 2015 /in /by

Tort reform efforts in the U.S. have always focused on issues like outsized awards and unreliable evidence. Now, however, with the backing of the multibillion dollar insurance lobby, the U.S. Chamber of Commerce is using tort reform as a smokescreen to advance an agenda that has nothing to do with justice or the U.S. business climate.

We salute the Indiana Senate for passage of SB 373

February 26, 2015 /in /by

In a bipartisan and overwhelming 47-2 vote, the Indiana Senate approved SB 373, a bill championed by Senator Randall Head (R-Logansport) along with co-sponsor Senator Michael Young (R-Indianapolis) and Senator Greg Taylor (D-Indianapolis). SB 373 creates a robust set of consumer protections for Indiana consumers who use consumer legal funding to help make ends meet, […]

Insurance Legislators Take Best Course of Action to Preserve Consumer Access to Legal Funding

December 15, 2014 /0 Comments/in /by

NCOIL members reject model legislation that would deny free market choice for consumers seeking legal funding assistance After three and a half years of exhaustive deliberations and vigorous debate, state legislators convening for the 2014 Annual Meeting of the National Conference of Insurance Legislators (NCOIL) in San Francisco determined not to endorse any model legislation […]