Our citizenry needs to quit awarding excessive damages. The $2 Mil difference in the two amounts is probably adequate to meet medical expense and increased cost of living that results from losing a limb. Insurance is meant to restore one’s financial position following a loss, not increase or improve it. The same should be true of negotiated settlements and jury awards.
“Lawyers reached the settlement – and then the Los Angeles Superior Court jury said it had reached a verdict.”
That loud crash you heard was the jaws of everyone at the plaintiff’s table hitting the floor! Hey, $2 mil is $2 mil…
Our citizenry needs to quit awarding excessive damages. The $2 Mil difference in the two amounts is probably adequate to meet medical expense and increased cost of living that results from losing a limb. Insurance is meant to restore one’s financial position following a loss, not increase or improve it. The same should be true of negotiated settlements and jury awards.