Navigating Nuclear Verdicts

Risk professionals are adapting to the ‘new normal’ of nuclear verdicts. The number of jury awards surpassing $10 million increased by 27% in 2023. From sympathetic jurors and rising levels of corporate mistrust to litigation funding and a well-organized Plaintiffs bar, the drivers of runaway jury awards are gathering pace.

Gallagher and RIMS recently hosted a virtual roundtable to address these issues, with a discussion on the impact of social inflation and ways to navigate these challenges, including:

• Tactics to reduce exposures to nuclear verdicts
• Ways to push back on plaintiff techniques
• Strategic approaches to risk financing and defense
• A look at the states with the most nuclear verdicts
• Tips to get ahead of claims—such as increased use of GPS telematics to better manage fleets