Lawsuit abuse and the rise of nuclear verdicts are a crisis in the trucking industry driving up costs, shutting down businesses, and hamstringing the industry. We've seen jury awards and settlements in hundreds of millions and even billions of dollars, often far exceeding the actual damages. These outsized verdicts are driving skyrocketing insurance premiums, forcing small and mid-sized carriers out of business, and creating an environment where frivolous lawsuits are a constant threat. However, the industry is not taking it sitting down and is going on the offensive. Joined by Pamela Bracher and Peter Berg, we discuss nuclear verdicts, lawsuit abuse, what’s being done to deal with these topics, and how industry can help.
Disclaimer – Peter unfortunately did not get recorded by the podcast after nine minutes in. The flow of the conversation might be a little different, but we did our best to still provide entertaining and informative conversation. Please forgive us and enjoy!
The TN Truck Thought podcast keeps transportation leaders of today and tomorrow in the know on the hottest industry trends. Our specialists get to the bottom of challenging, and sometimes controversial, transportation topics to offer insight and predictions.
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