With the COVID-19 outbreak shuttering courts nationwide, defense lawyers and insurers are likely to enjoy a respite from the much-ballyhooed spate of multimillion dollar “nuclear verdicts” that have sent waves of lobbyists to state legislatures hoping to stem the tide.

Insurers have noted a general trend over the years of “social inflation” driving up jury awards. In a transcript of a January earnings call, Travelers Insurance CEO Alan Schnitzer cited “headwinds from a challenging tort environment” as one factor that had impacted company profits.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]