Originally Posted by 2017ish
Hmm. My experience on both the defense and Plaintiff side was different. I did not focus on PI cases with just a few parties, but helped out a partner who is in that area on several complex cases and appeals involving individual defendants and/or their families. Any case I got involved with was not going to be settled for 1 million (and most of his cases were on referral from other lawyers; very few of them were in that low value category.)
We've had three million umbrella for years. Less that our net worth, but almost all of our net worth is in IRAs that, if we file bankruptcy, aren't going to be grabbable. In Tennessee at least, the difference between 1 and 3 was and is inconsequential.
DUI or non-DUI?
These type of questions come up over on Bogleheads all the time & AFAIK nobody yet has been able to identify a judgment (collectible, not default) in excess of $1 million against an individual (not company) defendant where the latter was not DUI.
Charles Givens ("Wealth without Risk", etc.) concluded the same after having his staff review civil cases in south Florida...so my takeaway was "never drive after even a single drink."