The industry is heartened by progress in legislation – but brokers can step up too
The insurance industry is intensifying its campaign against outsized jury awards or “nuclear verdicts” – verdicts over $10 million. At least one expert has noted meaningful progress in several battleground states.
In April, Georgia Gov. Brian Kemp signed two Senate Bills geared toward improving the litigation environment in the state.
SB 68 is a package of tort reforms to improve fairness in Georgia’s legal system by curbing lawsuit abuses that impact consumers and small businesses. Key changes include limiting negligent security liability to controllable factors, requiring medical damages to reflect actual costs, allowing bifurcated trials, and demanding real evidence for pain and suffering claims. SB 69 aims to protect consumers from predatory lenders and foreign adversaries by increasing transparency.
At the same time, reforms enacted by Florida in 2023 are offering early signs of relief for insurers and businesses alike, acc