SUPPORT FOR CLASS ACTION REFORM

The majority of respondents to a recent Insurance Research Council (IRC) survey of U.S. households support changes in the way that class action lawsuits are handled. Seventy percent agreed that significant reform of the class action lawsuit system is needed.

Forty-four percent said that the number of class action lawsuits today is too high. Only six percent said that the number is too low. Similarly, 41 percent of respondents said that the average size of awards in class action lawsuits is too large, while only 10 percent said that awards are too low.