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Georgia has "improved" from #1 to #4 in the Judicial Hellholes rankings. This is largely due to optimism for 2025 the prioritizing lawsuit abuse reform at the Georgia Capital.. Key issues include inflated medical cost awards, expanded premises liability, and outdated laws like the seatbelt gag rule. Legal experts are hopeful for much-needed legislative relief in the coming year. #LegalReform #Georgia #CivilJustice #Legislation #JudicialSystem

Litigation abuse isn’t just a company problem—it’s a consumer problem. Nuclear verdicts are skyrocketing, with 2023 seeing $14.5 billion awarded in just 89 cases, driving up premiums for everyday citizens. The real issue? An out-of-balance system where a few profit massively, while consumers ultimately foot the bill. At the state and local level, advocacy is essential to address these challenges. From lack of transparency in third-party litigation funding to psychological tactics aimed at juries, the system has become a mechanism for transferring hard-earned premium dollars to those exploiting its flaws. Insurance companies aren’t the enemy here—they’re the middleman. And unless we push for reform to balance the scales, families and businesses will continue to bear the brunt of inflated premiums and limited coverage. Let’s advocate for fairness and transparency in the legal system—for the sake of every consumer. State Chamber of Oklahoma State Chamber Research Foundation National Association of Mutual Insurance Companies (NAMIC) Oklahoma Restaurant Association Oklahoma Trucking Association #LitigationReform #InsuranceAdvocacy #FairnessForConsumers

Interesting article on nuclear insurance claims verdicts provided by Zurich Group Chief Claims officer Tom Thornberry ☢️ “Thornberry highlighted a recent survey exploring juror behaviour which found that 76% of jurors believe that company executives will lie and cover up, while 30% believe it takes billions to “send a message” to corporations. Seventy-one (71) percent don’t think there should be any cap on jury awards, he said, and 45% have said they have ignored judges’ instructions. “From that environment, we’ve seen nuclear verdicts. In 2023, across 89 verdicts, juries awarded US$14.5 billion, a 15-year high.” When people stop believing in the integrity of the systems meant to serve us, it creates a ripple effect, eroding public confidence and weakening societal cohesion. Over time, company distrust (antitrust) can lead to employee or community disengagement, making it even harder for institutions to function and fix themselves. Ultimately lowering the willingness of employees to speak up about concerns that affect the safety of organizations, employees and the community. While the financial implications on litigation abuse are clear, the insidious destruction of faith in institutions is more detrimental to the community in the long term. Thankfully, several federal and state institutions exist to provide help to employees and independent contractors listed below. 1. The United States Department of Justice Antitrust Division 2. State Attorney General’s offices 3. State Consumer Affairs Divisions 4. The Federal Trade Commission 5. The United States Department of Labor 6. The United States Equal Opportunity Employment Division 7. State Departments of Insurance under Title 57 8. OSHA (Criminal Antitrust Retaliation Act) and/or (Clayton V. Sherman act) Each department extends jurisdiction over separate issues, but work together as one to find justice for citizens. So always highlight corresponding affected state legal statues in the outline of any report for classification and clarification or they will just return the concern 😕 Regardless of how large a company is, the strength of their “inner circle” or how many resources they have in the United States checks and balances exist to help seek justice for affected citizens. But you have to do your own research. 🧐 📖 If you’re a business owner, looking to protect your company from antitrust concerns, please contact us directly at 702-539-7969 extension #1 today as we are here to help. #Business #Insurance #Zürich #BusinessNews #InsuranceClaims #Litigation #Legal #Justice #Antitrust #NuclearClaims #Company #Research #Law #Farmers #Juror #Executive #FarmersInsurance #AntitrustProtection

$10 mn+ jury verdicts are on the rise, impacting businesses, industries, and society, according to Institute for Legal Reform analysis via Risk & Insurance https://ow.ly/GLQN30sEceb #legalsystemabuse

$10 mn+ jury verdicts are on the rise, impacting businesses, industries, and society, according to Institute for Legal Reform analysis via Risk & Insurance https://ow.ly/oFBb30sEaCX #legalsystemabuse

Zurich Insurance’s group chief claims officer, Tom Thornberry, shares insights into the escalating risks of litigation abuse and its impact on the insurance sector. https://hubs.la/Q02_DBKn0

https://lnkd.in/eDViVn3Z Bravo Aon. It’s actions like this which allow the insurance industry to precipitate change and tackle the #socialinflation and #nuclearverdicts crisis in the US. TPLF is an unseen catalyst of US legal system abuse and anything we can do to help our #healthcare insureds to mitigate its effects should be welcomed.

Once notorious for its exorbitant legal payouts in the form of nuclear verdicts, Florida has experienced a significant shift. The Sunshine State, which was previously ranked second in the nation for nuclear verdicts, or awards in excess of $10 million, has now fallen to seventh place. The reform measures appear to have not only impacted the size of awards and a reduction in the median settlement amount in the state. The turnaround is attributed to legislative efforts aimed at curbing legal system abuse, marking a pivotal moment in the state's legal landscape. This helps explain why nine property insurance companies have reduced rates and ten others have announced that they will not be increasing rates in 2024, on top of eight new companies having been formed in the state since reform measures were enacted. An analysis of the numbers paints a compelling picture of this shift. In 2023 post-reform, Florida saw a total of $491 million awarded in nuclear verdicts, with $316 million arising from state court decisions and $175 million from federal courts. These figures signify a significant deviation from the state's earlier staggering total of $33.2 billion awarded across 175 nuclear verdicts between 2009 and 2023, positioning Florida as the second-highest in the U.S. during this period. With a 27% nationwide surge in nuclear verdicts in 2023, it becomes evident that Florida’s reformation efforts stand out amidst this national trend. https://lnkd.in/epaJnVqE

Some fantastic points made in this article!!

Tragedy struck on March 26, 2024, as a Singapore-flagged cargo ship collided with the Francis Scott Key Bridge, causing catastrophic collapse and multiple fatalities. The impact on the Port of Baltimore's economic ecosystem is profound, with potential damages in the hundreds of millions. From a claims perspective, the fallout from the collision is complex which involves federal, state, and maritime laws. Investigations are underway to determine liability and the true extent of damages. The investigation into the collision of the Dali ship with the Francis Scott Key Bridge continues. While the exact cause is still under scrutiny, legal experts speculate on potential liability and insurance implications. The aftermath of the bridge collapse raises questions about liability, insurance coverage, and legal proceedings. With significant damages and potential maritime laws at play, the road to resolution will be complex. Follow our page for insights and updates on this unfolding legal saga. #BridgeCollapse #LegalPerspective #MaritimeLaw #InsuranceClaims Image Credits: Al Drago/Bloomberg Source: Property Casualty 360 https://lnkd.in/eyecYdNR