Yet for all of the dollars awarded through the civil justice system, Lenore Marema, vice president of industry and regulatory affairs at the Property Casualty Insurers Association of America, pointed to its costs and inefficiencies, as well as the relatively small proportion of jury awards that reaches the plaintiffs after attorneys' fees and other expenses are paid.
Their study shows that only about 50 cents on the dollar gets to the claimant," Marema said.
Marema expressed concern about state-level class actions that effectively make law for the entire country, regardless of laws and regulations in one state that may permit the very conduct that's being punished in another state's courts.
You need to recognize that you're painting with a broad brush here," Marema said.
But Commissioner Bell had to approve that contract in Alabama, and so does every other state," Marema said.
Marema noted that the State Farm case was thrown out in four states before getting a hearing in Illinois, but Brower argued that the dismissal was on the class issue, not on the merits.
I think the MICRA system in California just stands out as a system that works," said Lenore Marema, vice president of industry and government affairs with the Property Casualty Insurers Association of America.
I think you underestimate the power of the insurance department," Marema said.