Affect the company and insurance costs

Assignment Help Business Law and Ethics

Reference no: EM13905968

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1. One North Carolina jury awards a state-record $24 M verdict in a living mesothelioma case, and, Kentucky's high court affirms a Parlodel damage verdict and retrial of an $11M punitive award.

The Supreme Court rules in favor of federal preemption concerning premarket approval medical devices, and a $134 million verdict awarded to three women who claim Premarin and Prempro caused their breast cancer is reduced.

This leads to the questions at hand for discussion:

Are awards such as these out of control?

For many U.S. companies, product liability lawsuits are a way of life. How do these lawsuits affect insurance companies?

What are the effects on the courts?

How can companies manage these lawsuits? Is there a way to circumvent these suits?

How does this affect the company and insurance costs?

Reference no: EM13905968

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