Class action lawsuits action are a scary thing for a corporation to face, and in many instances insurance companies figure the best way to make the problem go away is to offer small settlements to thousands of claimants.Take asbestos for instance. According to the RAND Corporation, more than 700,000 claims have been filed over the last 30 years, with settlement costs reaching over 70 billion. RAND says that nearly one-third of that amount has gone to plaintiff's lawyers.
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