The greatest Court's overturning o...

The greatest Court's overturning of a mammoth sagacity against Philip Morris is a clear signal that the high court considers outsize punitive awards unconstitutional, which is a advantage for insurers and other defendants trying to assess hereafter risks, insurance trade groups say

The ruling reaffirms the doctrines of the high court's April decision involving State Farm Insurance, in which the justices said there must be limits to the amount of punitive damages a jury can award.

Victoria Fimea, senior suggestion for litigation at the American Council of Life Insurers, called the ruling a "positive stair in the ...