How to Cool the Temperature to Prevent Nuclear Verdicts

The global supply chain system which stimulates cross border business expansion creates a playing field that is ripe for litigation, that can have devastating results for businesses. This is particularly evident in the open economic marketplace in North America, where a business may be part of the manufacturing or transportation process in another country, but find themselves subject to a truly company-annihilating verdict in US litigation. With Nuclear Verdicts on the rise, this panel will explore the “explosion points” along the way, particularly with an international focus, and discuss how to use those systems to “cool the temperatures” to reduce risk and limit Nuclear Verdicts. This panel will have the perspective from the insurance market on how Nuclear Verdicts have an impact on global insurance, excess policies, and trends; and special emphasis will be provided from the panel on strategies for preventative measures along the way, taking advantage of different legal systems’ discovery and privacy laws.