Risk Settlements
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    Brokers

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    Deceptive product labeling, violations of federal telemarketing laws, employee wages and benefits—these are just a few of the types of lawsuits that cost businesses billions of dollars in class action settlements each year.

    [/vc_column_text][vc_empty_space][vc_column_text]Class action lawsuits are proving to be an increasingly large business continuity issue, which means that more companies are turning to their insurance brokers for solutions to their liability and risk concerns. Fortunately, there is now a solution you can bring to your clients to help them exit litigation quickly and efficiently for a known and fixed cost.

     

    Class Action Settlement Insurance (CASI)—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

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    Ready to choose Risk Settlements?

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    Solutions

    • Class Action Settlement Insurance
    • Litigation Buyout Insurance
    • Litigation Asset Monetization
    • Additional Litigation Risk Transfer Solutions

    About Us

    • Solutions
    • Who Works With Us
    • Leadership Team

    Who Works With Us

    • Corporate Counsel and Business Leaders
    • Defense Counsel
    • Brokers
    • Insurance Carriers
    • Mediators

    Contact

    • Icon info@risksettlements.com
    • Icon(214) 570-3661
    • IconPlano, TX
    Consulting services are offered and provided through Class Action Services Holdings, LLC dba Risk Settlements (the “Company”). The Company does not offer, solicit, sell, bind or issue insurance coverage. Insurance services are exclusively offered and rendered through Financial Risk Services, LLC, an affiliate of the Company, which is a Texas Surplus Lines Broker with one or more surplus line brokers licensed in all 50 states.
    © 2021 Risk Settlements.