Who We Are
Class Action MGA is the industry pioneer in class action settlement risk transfer. We invented the industry's first and only insurance product that allows for full GAAP qualified risk transfer of class action settlements*. It is, in fact, the only insurance product that provides coverage for post lawsuit risk transfer.
Class Action Settlement Insurance (CASI) provides four key advantages:
- GAAP qualified Risk Transfer*
- Tax Deductibility of the premium vs. nondeductible payments to class members
The CASI product is a Pro-Settlement product. By providing certainty and complete GAAP risk transfer, companies can now settle litigation by knowing exactly how much it will cost for a claims made settlement and avoid the pitfalls of extraordinary one time GAAP charges against their financial statements during the pendency of the claims process.