Are extreme jury awards – known as “nuclear verdicts” -- the new normal? From 2015 to 2019, the average verdict in the National Law Journal’s Top 100 Verdicts more than tripled from $64 million to $214 million1. These jaw dropping verdicts are creating challenges for the insurance industry and commerce alike, making it difficult to underwrite potential legal risks, increasing premiums and threatening to put legal insurance out of reach for businesses. Join us as we hear from two experts, the Institute for Legal Reform’s Harold Kim and Travelers Claim General Counsel Alexia Cruz about what’s driving the trend and how businesses can manage risk in today’s evolving litigation landscape.
* Alexia Cruz, Senior Vice President and Claim General Counsel, Travelers
* Harold Kim, President, Institute for Legal Reform and Acting General Counsel, U.S. Chamber of Commerce
* Joan Woodward, President, Travelers Institute; Executive Vice President, Public Policy, Travelers
Presented by the Travelers Institute, the American Property and Casualty Insurance Association and the MetroHartford Alliance