Here is a question for insurers: You are in the business of managing risk, but what have you and your defense counsel done differently in the last decade to manage or stop nuclear verdicts?
The risk is real. Jury verdicts of $10 million or more have exploded over the last 10 to 15 years. The number of $100 million jury verdicts, and even billion-dollar verdicts, are also on the rise. But for the most part, insurers and their defense counsels have yet to do anything meaningful to lower the risk of such verdicts.
Originally published in Advisen – March 22, 2021.
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