U.S. Chamber of Commerce Institute for Legal Reform’s Post

Reminder! Don’t forget to sign up for this interesting webinar about Social Inflation & Nuclear Verdicts. Follow the link below to register.

Delve into the intricate world of insurance bad faith cases and the escalating trend of nuclear verdicts. Our newest blog series provides expert insights, legal analysis, and strategic considerations. Stay informed and navigate the complexities of litigation. Read now:https://lnkd.in/dr2Af7Av #Opveon #InsuranceLitigation #LegalInsights #NuclearVerdicts #LitigationServices

Who benefits the most from Nuclear Verdicts? 🚫 Plaintiffs? 🚫 Our Community? 🚫 The Economy? 🚫 America? ✅ Plaintiff's Attorneys. There. I said it. Plaintiff's attorneys benefit the most from Nuclear Verdicts. ❔ Why? ❔ How? 💰 Follow the money. Plaintiff's attorneys are typically paid on contingency fees. They only get paid when they win. The bigger they win, the bigger they get paid. What is 40% of a $20,000,000 verdict? What is 40% of a $100,000,000 verdict? I am just a defense attorney, but even I can do that math. ❔ Who also benefits? Plaintiff's retained expert doctors benefit, especially when they treat on a lien or under a letter of protection. Third-Party Litigation Funders benefit, especially when they have delayed settlement and driven up the "value" of a case by forcing the case to trial. I discussed this and more with Ema Roloff on Leading Change. Check out our full conversation here: https://lnkd.in/gmstceeU You may be asking yourself, "But what about the injured plaintiffs?" I wonder about them, too. 👇🏻 At the end of the day, what percentage of a Nuclear Verdict do you think actually reaches the injured plaintiff? Let me know below. #NuclearVerdicts #TysonMendes #Insurance #InsuranceDefense #LitigationFunding

Social inflation and nuclear verdicts can have an impact on the overall legal and business environment. There are several ways you can further your strategies to manage and mitigate these risks. Defense Partners Fred Fein and Holly Polglase cover this inflated verdict/settlement phenomenon in our recent US Litigation School webinar. Fred and Holly discuss ways in which you can help stop nuclear verdicts, including important steps you can take to prepare for trial by holding a mock trial, putting together focus groups, and conducting research regarding jury and venue. Watch the complete US Litigation School Social Inflation & Nuclear Verdicts Webinar: https://bit.ly/3HQtBqY Have questions for our lawyers navigating these risks? Contact https://bit.ly/3UuCqOI #litigationschool #socialinflation #nuclearverdicts

Are litigators truly facing down "12 Angry Men (& Women)" each time they take a case to a jury? The incidence of massive "nuclear" verdicts has unquestionably increased, but inevitably the blame gets laid at the feet of "Reptile Tactics" (thoroughly debunked) or "class warfare" (unsupported by data). Anyone who has watched mock jurors knows that large damage awards are generally the outcome of one or two outraged and outspoken jurors rather than an entire angry group. Usually, it's a confluence of circumstances that leaves the remaining jury unmotivated to push back against the enraged juror(s). No juror wants to be the one who defends heinous conduct or the bumbling corporation. Careful jury selection processes and understanding the seated panel are the keys to avoiding the above outcome. #jurytrials #litigation https://lnkd.in/epsumjrj

⚖ Navigating today's legal landscape can be tricky for insurers, reinsurers, and program administrators. Join this session to explore strategies for tackling nuclear verdicts, social inflation, and litigation financing head-on. Learn more here: https://lnkd.in/e2G99Nqm

Do you have the EDGE? The HUB EDGE is our fresh take on a monthly newsletter, addressing tough topics head-on to help you navigate the complexities of today's business environment. Our first issue is all about nuclear verdicts & the challenge of securing adequate coverage to protect your organization from third-party litigation financing. Give it a read, and let me know what you think in the comments. https://ow.ly/ZBmV30sBsZI #theHUBEDGE #nuclearverdicts

The ongoing trends of social inflation and litigation funding continue to drive nuclear verdicts in casualty claims that go to court, increasing pressure on insureds and carriers alike. https://ow.ly/WbWQ50QsFaU #CasualtyClaims #SocialInflation #InsuranceLitigation

Attention Business Owners: Understanding nuclear verdicts and settlements is crucial to protect your business from significant financial and reputational harm, and most importantly, to prevent tragic loss of life due to negligence. Learn from others' mistakes to safeguard your company's future. This recent nuclear settlement highlights the dire consequences businesses face from such legal actions. By analyzing the factors that led to the loss and identifying compliance considerations, you can take proactive measures to prevent similar outcomes. Don't wait until it's too late. Educate yourself and your team on nuclear verdicts and settlements to mitigate risks and ensure your business is prepared for any legal challenges ahead. #RiskManagement #BusinessProtection #LegalCompliance #Lakenan

Social inflation and nuclear verdicts are contributors to the significant increase in the size and frequency of liability settlements and judgments. In our recent US Litigation School webinar covering these trends, defense Partners Fred Fein and Holly Polglase discuss this inflated verdict/settlement phenomenon. Fred starts with describing what causes social inflation. Watch the complete US Litigation School Social Inflation & Nuclear Verdicts Webinar: https://bit.ly/3HQtBqY If you have questions for our lawyers navigating these risks, reach out to: https://bit.ly/3UuCqOI #litigationschool #socialinflation #nuclearverdicts