"The No. 1 cause of nuclear verdicts is plaintiffs lawyers," said Robert Tyson, who has sought to rally the defense bar against rising verdicts and settlements.
While Florida hurricanes are not unusual, this storm created claims complexities because of new statutory reforms, homeowners without flood insurance, and supply chain and worker shortages.
"JIFs protect members against liability through 'self-insurance.' 'Self-insurance' is not insurance," New Jersey Supreme Court Justice Douglas Fasciale wrote.