Happy Wednesday! In this week's Big I Buzz: Nine states are taking action to reform third-party litigation financing, while Tesla owners may face rising insurance rates due to targeted vandalism.

Nine States Pursue Third-Party Litigation Reform

Third-party litigation financing—when outside firms fund lawsuits they believe have a strong chance of success—is facing increased scrutiny across the U.S. These funding companies support a variety of commercial and consumer claims, including cases involving trucking incidents. Truck drivers, their employers, and insurers often bear the brunt of excessive and costly litigation related to personal injury claims, creating ripple effects throughout the supply chain. In response, states from Montana to West Virginia have implemented measures to curb litigation financing, with several others now considering similar reforms. Read more here.

Targeted Teslas Could See Insurance Rates Rise

Tesla owners may see rising insurance premiums as acts of vandalism against the brand continue to surge. Protests against Elon Musk—sparked by his role in the federal government’s DOGE initiative—have led to attacks on Tesla vehicles, dealerships, and charging stations. Reports detail cars being spray-painted, set on fire, and having their tires slashed. While many incidents have occurred at dealerships, individual Tesla owners have also been affected. If the trend persists, insurers may adjust rates to account for increased risks related to theft and vandalism. Read more here.

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