Third-party litigation funding (TPLF), also known as legal funding, third-party litigation finance, or alternative litigation financing, involves a third party investing in a lawsuit and receiving a percentage of the proceeds if the lawsuit is successful. TPLF can benefit both individual and corporate claimants. While the exact figures are uncertain due to the lack of transparency in this practice, Swiss Re, an insurance company, estimates that the global TPLF market will reach $30 billion by 2028, with the United States being the largest market. Swiss Re also reports that TPLF investments have recently generated internal rates of return of 25% or higher. As the prevalence of TPLF continues to rise, it is crucial to understand this trend and its implications.
Exciting times at DSP Insurance as we welcome Blake Erickson to our Employee Benefits team! With over 11 years in the industry and a knack for solving complex challenges across diverse accounts, Blake’s dedication to his clients, passion for healthcare, and drive for marginal improvement perfectly align with our core values.
In the ever-evolving landscape of healthcare, organizations are continually seeking innovative strategies to enhance quality, reduce costs, and improve patient outcomes. Two key approaches gaining momentum are the establishment of high-performing networks and direct contracting. These models are reshaping the way healthcare is delivered, ensuring that patients receive the best possible care while keeping costs in check.
DSP recently teamed up with Feed My Starving Children to pack meals for impoverished children in Haiti. This volunteer session packed 58,104 meals, which will feed 159 children for a year. Visit www.fmsc.org to learn more about this great charity.
Is there anything better than serving (or drinking) a draft beer straight from a bright tank? This is as fresh as the beer can get and it’s no wonder that many tap rooms across Illinois and the USA have moved to models where beer is served directly from the bright tank to the consumer. Not only is it extremely cost efficient, but incredibly delicious as well!
Rarely is a first bond request planned for… More often the requirement arises when a business is going through something new. New customer, new public market opportunity, or new business relationship perhaps with a union. The point is that the business is expanding and likely encountering all the administrative pains that come with growth. On top of that, the company is now navigating securing its first bond, and needed it yesterday, a real test of “Surety Bond Success.”
Distracted driving is more than just a buzzword—it’s a pervasive issue that significantly impacts road safety. At DSP Insurance, we’re committed not only to providing top-tier insurance solutions but also to promoting safe driving habits among our clients and their communities. This commitment to safety is why we’re addressing the serious issue of distracted driving, a leading cause of accidents on our roads. We always prioritize road safety in our discussions.
An umbrella policy is essential because it kicks in when your basic liability limits are exhausted. In the event of a major accident or a liability lawsuit, you’ll be grateful for this extra layer of protection.
Coronavirus is continuing to spread with cases reported in 22 countries around the world. The article below contains a brief overview of the virus and outlines the various laws that an employer must consider in the event that any of its employees have been or reasonably may be exposed to the virus, including OSHA, FMLA, ADA, workers’ compensation and premises liability.
We’re excited to announce that DSP Insurance has received the “Top Employee Benefits Consultant Awards” for 2023 by Mployer Advisor. This recognition shines a spotlight on our unwavering dedication to excellence in providing exceptional services to our clients, especially in the fiercely competitive job market of Chicago.