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March 5, 2024

Sharen Groppell contributes an article to The Contractor’s Compass

Nuclear verdicts are a relatively recent trend in litigation. These verdicts refer to legal judgments that bestow significant sums of money upon plaintiffs, exceeding $10 million. The construction industry is particularly vulnerable to the impact of nuclear verdicts.

Executive Vice President at Marsh McLennan Agency Sharen Groppell recently contributed an article to The Contractor’s Compass, exploring the ways in which nuclear verdicts are showing up in the construction industry. She discusses the contributing factors and how effective risk mitigation efforts can minimize the impact.

“By staying informed about evolving legal trends, adopting proactive risk management measures, and leveraging the expertise of insurance professionals, businesses can fortify themselves against the financial implications of nuclear verdicts,” writes Sharen.

Read the full article in The Contractor’s Compass.