NU Online News Service, June 16, 12:41 p.m. EST
NEW ORLEANS – In his opening keynote address at the ACE America's Claims Event conference, attorney Stephen A. Cozen said the Supreme Court has become a valued partner of the insurance industry, working to reduce punitive damage awards and reject exposure lawsuits.
"The Supreme Court has been quietly helping the insurance industry in important ways over the last few years," says Cozen, founder and chairman of Cozen O'Conner, during his address Wednesday afternoon. "In particular, the Court has been discouraging exorbitant punitive damage awards and now appears poised to reject the species of climate change litigation that could have imposed ruinous liability on every business in the country."
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