Massive jury awards of $10 million or more—known as “nuclear verdicts”—continue to increase in size and frequency, according to a new study released today by the U.S. Chamber of Commerce Institute for Legal Reform.
Tag: settlements
U.S. Directors & Officers Insurance Improved Results Likely Unsustainable
The U.S. Directors and Officers (D&O) liability insurance segment’s favorable statutory underwriting performance of 2023 is not likely sustainable amid declining premium revenues from lower premium rates, as well as the segment’s inherent underwriting volatility related to changes in litigation activity, defense costs and settlement trends, Fitch Ratings says.