The letter, sent to Senator Thom Tillis and Representative Kevin Hern, expressed the entities’ endorsement of H.R. 3512, also known as the Tackling Predatory Litigation Funding Act, introduced by Hern in May with Tillis heading a companion bill in the Senate. (Credit: Alex/Adobe Stock)

A coalition of insurance companies and industry trade groups have signed a letter in support of proposed U.S. tort reforms that they say would close a tax loophole for third-party litigation financing.

The 40-plus entities to sign onto the letter included Chubb, Marsh McLennan, CNA, Allstate, Liberty Mutual, The Hartford, Travelers, State Farm, the Council of Insurance Agents & Brokers, the Independent Insurance Agents & Brokers of America, the National Association of Mutual Insurance Companies, the American Property Casualty Insurance Association (APCIA) and the Reinsurance Association of America.

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Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].