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Insurance and business groups back limited disclosure of third‑party litigation financing
Summary
Supporters including the insurance commissioner argued HB 13 84 would increase pricing predictability and help a hard liability insurance market; plaintiffs' lawyers and some advocates said forced disclosure could prejudice claimants and unequally advantage defendants.
CONCORD, N.H. — The House Judiciary Committee heard competitive testimony Thursday on legislation that would require disclosure of some third‑party litigation financing (TPLF) in commercial cases.
Representative Brian Cole introduced HB 13 84 as an effort to restore transparency where hedge funds and investment firms finance lawsuits. Cole said unknown funders can distort settlement incentives and drive up insurance costs for nonprofits and small businesses.
DJ Bettenc…
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