Feb 14, 2024
How serious are runaway (or nuclear)
verdicts?
Consider this summation from a 2022
article on the topic:
"What happens when you mix major
damages, a large corporation, a denial (or half acceptance) of
fault, and an angry jury that wants to send a strong message? In
the courtroom, the result just might be a colossal verdict.”
The trend toward colossal or
runaway/nuclear verdicts, or multi-million or even billion-dollar
decisions against insurers, is one phenomenon that gave rise to the
Complex Claims & Litigation Forum, an event happening Feb. 26-28,
2024, at the Green Valley Ranch Resort in Las Vegas.
Longtime insurance defense attorney Jeff
Vernis is one of the litigation experts who will lend his wisdom to
the event program. His workshop will be titled, “How to Roadblock
Runaway Verdicts: Tactics to Mitigate Your Risks in Court.”
In this episode of Insurance Speak, Vernis shares what he knows
about the development of runaway verdicts and how they impact the
economy at large.