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Class Action Settlement Insurance

The Only Retroactive Policy for Businesses in Class Action Litigation
Risk Settlements > Products & Solutions > Class Action Settlement Insurance

Class Action Settlement Insurance (CASI) is the only product on the market that allows companies to transfer the financial risk of existing class action litigation. Designed by Risk Settlements in response to businesses’ need for financial certainty in class action lawsuits and resulting settlements, CASI mitigates the unintended consequences of settlement and uncertain payout.

Underwritten on the paper of Berkshire Hathaway’s National Indemnity group of insurance companies, which hold financial strength ratings of A++ from AM Best and AA+ from Standard & Poor’s, CASI is a revolutionary tool for businesses when they need it most—after the litigation has been filed.

 

What does the policy provide?

CASI is unlike traditional insurance products in that each policy is tailored to the specific class action settlement circumstances and financial needs of the business.

 

Highlights include:

 

  • CASI is purchased to cover pending or existing class actions
  • Coverage available for the full spectrum of consumer class actions—from fraud, mislabeling, and product liability to statutory damage claims such as the Telephone Consumer Protection Act
  • Policy covers all valid claims made by class members under the settlement agreement
  • Coverage may be extended to include third-party costs such as class counsel fees, as well as notice and administration fees
  • Limits of up to $25 million—and higher limits may be available upon request
  • No deductible or self-insured requirement

 

Why choose CASI?

  • Efficient resolution to expensive litigation at a known cost
  • Removes the financial burden from settlement and uncertain payout
  • Access to the Risk Settlements team of experienced legal, insurance and risk mitigation specialists at no cost or obligation to the business
  • Subject matter knowledge and expertise in designing optimal settlement structures
  • Innovative risk mitigation and risk transfer solutions for claims-made settlements
  • Proprietary quantitative and qualitative risk analysis by class action settlement experts
  • Financial security of Berkshire Hathaway’s National Indemnity group of insurance companies

 

Who We Work With

The benefits of CASI expand well beyond the company facing the lawsuit. Using CASI, we work hand in hand with:

 

Ready to choose Risk Settlements?