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47 min
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Navigating the Impact of Thermonuclear Verdicts on the Crane Industry Crane Talk
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- Business News
This episode peels back the curtain on the multi-million dollar jury awards driving insurance premiums through the roof and the concept of social inflation that's inflating costs across the board. We're unpacking the layered complexities of non-capped punitive damages, the evolving perception of big money, and the formidable hurdles introduced by third-party litigation funding that are flipping the script for companies in heavy hauling.Venturing further into the heart of the industry's battle...
This episode peels back the curtain on the multi-million dollar jury awards driving insurance premiums through the roof and the concept of social inflation that's inflating costs across the board. We're unpacking the layered complexities of non-capped punitive damages, the evolving perception of big money, and the formidable hurdles introduced by third-party litigation funding that are flipping the script for companies in heavy hauling.Venturing further into the heart of the industry's battle...
47 min