WebMay 20, 2024 · After an eight-hour, court-ordered mediation, a settlement was reached, narrowly avoiding what the attorney estimated could have been a $40 million to $70 … WebOct 18, 2024 · Another way to lower insurance rates is via higher deductibles, adds Saeger. A smaller company may want a $1,000 or $2,500 deductible, but a larger fleet may decide to …

How a Trucking Company Fought Back a Nuclear Verdict

WebJury awards that exceed $10 million, also known as “nuclear verdicts,” are on the rise in the trucking industry and could make it more difficult for transportation companies to stay in business, CNBC recently reported. According to a 2024 report from the American Transportation Research Institute, the average U.S. trucking industry lawsuit verdict … WebJul 10, 2024 · When evaluating verdicts in excess of $1 million, the average size increased from $2,305,736 to $22,288,000 – an increase of 967% – in the eight years between 2010 … iowa pbs program schedule

The effects of nuclear verdicts on the trucking industry

WebAug 25, 2024 · A new record for nuclear verdicts against a trucking company may have been set with a $1 billion verdict handed down Tuesday by a Florida jury. But more than … WebNov 3, 2024 · What is a Nuclear Verdict? A good way to summarize a nuclear verdict is an award that is significantly higher than would be expected given the injuries in the case. Generally, they are jury judgments that award penalties over $10 million. Nuclear verdicts have been a consistently increasing theme in trucking over the past several years and the ... WebNov 16, 2024 · A jackpot justice system has caused nuclear verdicts against trucking companies to escalate. In fact, nuclear verdicts—those verdicts over $10 million—against trucking companies have skyrocketed 967% in the last 15 years, according to research from the American Transportation Research Institute. “That is pretty frightening. open cup bra sewing patterns