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Bluewire, a first-of-its-kind AI software-as-a-service (SaaS) company, aims to arm motor carriers and their insurers with data to help counter false narratives that lead to damaged reputations — and potentially massive punitive damages in lawsuits.
The newly launched company believes that those narratives and the negative public image they create contribute heavily to nuclear verdicts — those commonly exceeding $10 million — against trucking companies.
Recently, such verdicts have been on the rise. In a study, the American Transportation Research Institute (ATRI) found that from 2006 to 2019, verdicts of over $10 million almost doubled. In addition, verdicts of over $1 million grew from 26 in 2006-2010 to 265 in 2015-2019.