Companies seeking to settle consumer class-action lawsuits can gain greater certainty over their potential payouts with a specialty insurance product just launched by Marsh, a global leader in insurance broking and risk management. The product transfers a company’s known settlement exposure to the insurance market. Created by Class Action Managing General Agency and sold exclusively through Marsh, Class-Action Settlement Insurance (CASI) offers up to $100 million in coverage for the monetary portion of an insured’s consumer class-action settlement. After establishing a settlement fund, a company pays a fixed premium and transfers the uncertainty and volatility of the ultimate payout to a global insurer. For more details click here.
December 1, 2014