'Nuclear' Jury Verdicts Blowing Up Businesses

The sizes of large jury verdicts have exploded in recent years, putting a strain on businesses not only for what they have to pay out of pocket, but also the size of the premium they pay for their liability coverage.

These damages juries are awarding have gotten so large that they’ve been given a new name, “nuclear verdicts,” due to their destructive force.

A nuclear jury verdict is one that exceeds $10 million. The number of these verdicts in 2019 was three times the annual average from 2001 to 2010. Median jury awards rose from $19.3 million in 2010 to $24.6 million in 2019. ‘Nuclear’ Jury Verdicts Blowing Up Businesses

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