MLchartDataset catalogue

Nuclear verdict

Term · Insurance and risk management · MLC-T-INS-003703

A jury award in a civil lawsuit that is exceptionally large, often exceeding ten million dollars, and disproportionate to the actual damages incurred. These verdicts frequently arise in cases involving severe personal injury, wrongful death, or corporate misconduct. They can have a substantial impact on an insurer's financial reserves and future underwriting decisions.

Table 1. Record
IdentifierMLC-T-INS-003703
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003703",
  "term": "Nuclear verdict",
  "field": "Insurance and risk management",
  "definition": "A jury award in a civil lawsuit that is exceptionally large, often exceeding ten million dollars, and disproportionate to the actual damages incurred. These verdicts frequently arise in cases involving severe personal injury, wrongful death, or corporate misconduct. They can have a substantial impact on an insurer's financial reserves and future underwriting decisions.",
  "url": "https://mlchart.com/terminology/insurance/nuclear-verdict/"
}

Record 2,343 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.