I fail to understand how most people can be shocked or even remotely surprised at the size of liability awards over the last twenty years. It is hardly just aviation liability that has gone through the roof, but business, medical, government, etc. I hear that anyone who lives in Nevada will be lucky to find any sort of competent physician in the near future because of massive liability premium increases(many larger than gross physician salaries)… In case you haven’t heard, St. Paul Cos. has discontinued medical malpractice policy writing(they lost $ 1.2 BILLION last year on medical mal) and now 40,000 docs are scrambling to find additonal coverage and moving out of states that are sky high(nevada being one, many others as well)
I personally am very reticent and probably won’t take any passengers other than family flying. I am close to retirement age and the last thing I want to do is have to work for another 20 years to rebuid assets following getting cleaned out by some lawyer and some ignorant jury.