‘Nuclear’ Court Verdicts Triple Since 2020

The number of “nuclear” court verdicts exceeding $10 million has nearly tripled since 2020, with supersized awards growing 27% in 2023 alone, according to new research from Allianz Commercial. The business insurer’s analysis reveals a 35% jump in “thermonuclear” verdicts over $100 million last year, affecting industries from automotive to chemicals. This trend affects…