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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?
