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U.S. commercial property insurers continue to voice concern about undervaluation and inflation, according to Marsh.

The Rhode Island Supreme Court vacated and remanded a lower court's ruling, determining a property owner had properly demanded an appraisal within the time limit provided in his policy with Allstate.

A New Jersey court previously ruled purchasers of PIP coverage are entitled to reimbursement for the entire policy amount, without reduction of a deductible or co-payment.

There are strong opinions about litigation funding with some believing it promotes frivolous lawsuits while others say it aids plaintiffs who can't afford to bring suit against a defendant.

"The No. 1 cause of nuclear verdicts is plaintiffs lawyers," said Robert Tyson, who has sought to rally the defense bar against rising verdicts and settlements.

Six states account for nearly 65% of the nuclear verdicts across the U.S.

The causes behind the social inflation theory are numerous, but one of them is that attorney advertising affects the public in unexpected ways, according to some defense lawyers.

Critics of the role of litigation funding say it causes trials and other proceedings to run longer, raising the costs of litigation.