Class Action Settlements in 2025 — Staggering Sums of Money

Insurance companies, groups and associations — the PIA among them — are worried about the proliferation of lawsuit settlements and judgements pushing millions and millions of dollars.

The business law firm, Duane Morris did an analysis and said the 10 highest class-action settlements in 2025 topped $70 billion. Gerald Maatman co-wrote the Duane Morris Class Action Review and said this is the fourth straight year that settlements have topped $40 billion.

“To put it into perspective, that amount is larger than the annual budgets of multiple U.S. states and eclipses the GDP of more than half the world’s nations,” he said. “At the same time, the gravitational pull of these massive outcomes is attracting elite talent to the plaintiff’s bar and providing massive incentive for plaintiffs’ lawyers to increase their filings and the sophistication of the strategies they employ.”

The 750-page report said there were 1,761 decisions in 2025. Judges continue to certify class-action lawsuits by granting 68% of motions to do so. In just federal courts, plaintiffs filed over 13,000 class-action lawsuits last year in federal courts. That’s over 36 filings per day.

Source link: Insurance Journal —  https://bit.ly/4qGi4i0