At Barnard Donegan Insurance, we take the risk management of our clients very seriously. That’s why we want to bring to your attention the Nuclear Verdict Case Study we’ve recently conducted. The study reveals the staggering costs associated with such verdicts, which can severely impact businesses of all sizes and sectors. In this case study, we focus on a $464 million employment practices liability loss case against Southern California Edison (SCE) due to retaliation, sexual harassment, and race discrimination.
As you may know, nuclear verdicts have become increasingly common in the past decade, with jury awards exceeding $10 million. According to the National Law Journal, the average jury award among the top 100 U.S. verdicts more than tripled between 2015 and 2019, skyrocketing from $64 million to $214 million. Furthermore, 30% more verdicts surpassed the $100 million threshold in 2019 compared to 2015.In our case study, we examine the factors that led to the nuclear verdict against SCE and its parent company, Edison International. We also outline compliance considerations related to harassment, discrimination, and retaliation and provide risk mitigation measures.
We hope that this case study will help our clients better understand the risks and implications of nuclear verdicts and encourage them to take proactive steps to minimize their exposure. To learn more about how we can help you manage your risks, please contact us today.