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.
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: