As long as the jury composition in these plaintiff-friendly venues continues to impact the outcomes of awards, we can expect insurance policy limits, premiums and the availability of coverage for certain activities in New York to be impacted. (Credit: vasabii/Shutterstock.com)
Is it fueled by anger and meant to punish a defendant, or based on the notion that corporate defendants have deep pockets? Is the intention to cast a wide net and send a message to certain communities at large? Are the jurors identifying with the plaintiff and commiserating that the accident "could have happened to them" or, is their judgment a reflection of the market and socioeconomic influences? Could it be that the jurors are not adequately equipped to determine fair and just compensation awards? Whatever the cause behind it, the impact of runaway jury verdicts for defendants — and the insurance industry, in particular—has been palpable.
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