nuclear verdicts News
Corporate Nuclear Verdicts Surged to New Record High in 2024, Report Says
Nuclear verdicts against corporate defendants reached a record high in 2024, led by cases involving products liability and intellectual property, according to a new report from research firm Marathon ...
Having It Both Ways
Over the past four decades, Robert "Bob" Hartwig has championed the critical role the insurance industry plays in the nation's economy. So, when the former Chief Economist and President of the ...
Defense Institute Aims to Educate, End ‘Skyrocketing’ Nuclear Verdicts
Robert Tyson believes the defense bar's lawsuit approach is overdue for an overhaul. The U.S. Chamber of Commerce Institute for Legal Reform reported in May that nuclear verdicts are on the rise, ...
Nuclear Verdicts’ Amount, Frequency Continue to Increase: U.S. Chamber of Commerce
A recent report from The U.S. Chamber of Commerce Institute for Legal Reform (ILR) has found that nuclear verdicts of $10 million or more are on the rise. Looking at verdicts from 2013 to 2022, ILR ...
Defendants, Insurers Risk Falling Behind on AI for Litigation
As generative artificial intelligence drives the innovation of legal tools, insurance defense experts are wary that failing to keep up with the plaintiffs' bar's ...
Nuclear Verdicts Surged to $14.5 Billion in 2023: Report
Nuclear verdicts of at least $10 million reached a 15-year high in 2023, while 27 verdicts were "thermonuclear," or more than $100 million, according to a new study by research firm Marathon ...
Insurers, Insureds Must Collaborate to Get Ahead of Social Inflation
Insurers need to take a comprehensive and collaborative approach to stem the rising tide of social inflation.
This approach should be one ...
Social Inflation Hits Insurers, Not Economies
You know things are bad when the term "nuclear" is deemed inadequate to describe the rise in legal verdicts against corporations.
Insurance law firm Clyde & Co put together some predictions for 2023. The bad news for claims: nuclear verdicts aren't going anywhere. Here is that prediction as well ...
Courtroom Predictions for 2023 From Clyde & Co