Some factors that drove growth in verdict amounts include jurors' corporate mistrust, social pessimism, erosion of tort reform and public desensitization to large numbers. Credit: BrAt82/Stock.adobe.com Some factors that drove growth in verdict amounts include jurors' corporate mistrust, social pessimism, erosion of tort reform and public desensitization to large numbers. Credit: BrAt82/Stock.adobe.com

Runaway verdicts — judgments over $10 million — against corporate defendants have increased by nearly 30% in the last year and state governors have had an outsized role in the results, according to a report from public relations firm Marathon Strategies.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Michael A. Mora

Michael was born and raised in South Florida. He went to undergrad at Florida Atlantic University and earned his master's degree from the Columbia University Graduate School of Journalism. He is the crypto litigation reporter for Law.com, as well as an editor for ALM Global. You can email him at [email protected].