Record-High $14.5 Billion in Nuclear Verdicts Challenges U.S. Restaurant Industry; Calls for Improved Safety Protocols and Insurance Strategies Surge
In recent years, the phenomenon of nuclear verdicts, where juries award damages exceeding $10 million, has seen a significant rise in the United States. These colossal sums, which reached an all-time high of over $14.5 billion in total awards in 2023, pose a grave threat to the sustainability of businesses, particularly in the hospitality sector. Defined as judgements substantially higher than what would be typically awarded in similar cases, nuclear verdicts are not confined to one industry or incident type. They can stem from incidents as varied as disputes in restaurant parking lots to serious … Read more