NEW YORK--Although tort filings in the United States and the United Kingdom have fallen from a 1980s peak, large-scale corporate litigation could be an emerging trend, Lloyd's warned in a presentation here this week.

"In Europe, where we used to think this was an American pastime, it's clear that this is no longer the case," Lloyd's Chairman Lord Peter Levene told an audience that included brokers, insurers and risk managers, referencing a report by Lloyd's titled Litigation and Business: Transatlantic Trends.

"Meanwhile, the current economic conditions only bring a greater likelihood of claims and recent analysis suggests that companies in the U.S. are poised for an increase in actions as a result," he noted.

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