Lex Machina publishes insurance coverage litigation report for 2024

Lex Machina, a LexisNexis firm, has launched its 2024 Insurance coverage Litigation Report, analyzing developments in insurance coverage litigation in federal district and appellate courts.

The report covers the interval from 2021 to 2023, analyzing developments in case filings, venues, judges, regulation companies, events, timing metrics, case resolutions, findings, and damages.

It focuses on varied subsets of information, together with basic insurance coverage instances, enterprise legal responsibility insurance coverage instances, enterprise interruption insurance coverage instances, hurricane-related insurance coverage instances, owners coverage insurance coverage instances, and federal appellate instances.

Ron Porter, Lex Machina’s insurance coverage authorized knowledge skilled and editor of the report, emphasised the significance of understanding litigation developments throughout totally different subsets of instances.

“By doing so, we acquire vital data-driven insights into the shifts and patterns within the follow space of insurance coverage litigation. Practitioners can use these insights to sharpen their litigation technique and advise their purchasers,” Porter stated.

In 2023, 17,654 insurance coverage instances have been filed in federal district courts. From 2021 to 2023, the Japanese District of Louisiana noticed the best variety of insurance coverage case filings. Insurance coverage corporations have been essentially the most energetic plaintiffs and defendants throughout this era.

Of the insurance coverage instances appealed to a federal appellate courtroom and terminated with a choice on the deserves from 2021 to 2023, 21% have been in the end reversed. Moreover, $1.56 billion in complete damages have been awarded as Accepted Class Motion Settlements from 2021 to 2023.

State Farm Fireplace & Casualty Firm had essentially the most energetic defendants by instances from the interval of 2021 to 2023, with the agency recording 5,833 instances. State Farm Mutual Car Insurance coverage Firm adopted swimsuit with 2,138 instances, whereas Allstate Car & Property Insurance coverage Firm took third with 1,368 instances.

When it comes to authorized victories throughout the district courts, 79% of instances recorded got here out with seemingly settlements, in keeping with Lex Machina. Multiple in 10 (12%) reached a procedural decision, and eight% noticed the declare defendant win. Just one% of instances noticed the claimant win a case decision for instances terminated.

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