This is the second in a series of brief interviews with speakers, presenters, moderators or panelists at the Claims and Litigation Management 2020 Annual Conference, which is being held March 18-20 in Dallas, TX. You can register for the event here.
This interview features Bob Tyson, Partner, Tyson & Mendes.
- What is your role at the 2020 CLM Annual Conference?I am speaking at the CCO Mini-Summit before the opening of the Annual Conference and presenting on a session, The New and Improved Defense Playbook – A Fresh Look to Combat Nuclear Verdicts.
- What can attendees expect to learn from your presentation at the 2020 CLM Annual Conference?
I have written a book on the subject, called “Nuclear Verdicts: Defending Justice For All.” It is the first book ever written for the defense on how to avoid runaway jury verdicts, or really on anything. All of the books to date have been to help plaintiff attorneys obtain large verdicts. We will focus on solutions to the problem of nuclear verdicts. The solutions will include specific ideas for what claims professionals and their defense attorneys can when preparing for trial and in trial. Contrary to popular belief there is nothing we can do about nuclear verdicts because of social inflation, lack of tort reform, litigation funding, attorney advertising, liberal judges, etc., there are many things we can do right now. First, figure out what might get a jury angry about your case and then figure out a way to defuse this anger. You must show the jury you care. You care about the plaintiff, you care about what happened, you care about your fellow citizens, you care about justice, for all. Attendees will learn how to accept responsibility for something in every single jury trial. That you must give a defense number in every trial. You must have a theme. You must personalize the corporate defendant. You will also learn how to argue the biggest component of a damage award in nuclear verdicts, noneconomic damages. Defense lawyers simply do not know how to argue noneconomic damages.
- What do you see as the biggest challenges/opportunities for the Insurance Ecosystem in the next 5 years?Reigning in nuclear verdicts. Verdicts over $10 million dollars have skyrocketed in the last ten years. There is no end in sight. The insurance industry has spent the last 10 years focused on recovering from the Great Recession. Insurance companies have instituted all types of systems to manage expenses. It is time to manage indemnity.
- What is the best piece of advice you have for someone building an insurance career?More. Do more. You have chosen a profession, not a job. To be a success, you have to push yourself. You have to do more. When you want to go home, or go to bed, or quit, do more. The harder you work the more you will learn and get out of your profession.
- Besides your own session, what are you most excited about at CLM 2020?
Meeting old friends! It is a great time to reconnect. Best industry event of the year by far.