Palin on Exxon Decision:
Tony Mauro has a short item on Gov. Sarah Palin and the Supreme Court's Exxon decision. Interestingly enough, Palin and her husband qualified as members of the class in the litigation, but did not file. Nonetheless, Palin was supportive of the plaintiffs' claims, and critical of the Supreme Court's decision.
After the Supreme Court ruled, Gov. Palin was critical of the outcome. “I am extremely disappointed with today’s decision by the U.S. Supreme Court,” she was quoted as saying. “While the decision brings some degree of closure to Alaskans suffering from 19 years of litigation and delay, the Court gutted the jury’s decision on punitive damages.” She also said, “It is tragic that so many Alaska fishermen and their families have had their lives put on hold waiting for this decision. My heart goes out to those affected, especially the families of the thousands of Alaskans who passed away while waiting for justice.”[LvHB]
I thought the purpose of punitive damages was to punish the tortfeasor and dissuade future misconduct, not to make the victim whole again. You're confusing punitive damages with the actual damages (ie, the harm suffered, future earnings, loss of companionship, emotional distress, etc).
I think the correct restatement of your principle is:
Since most insurance policies do not cover punitive damages, one can like or not like punitive damages for any defendant, but unless the D has those deep pockets, it won't much matter. Granted, the bigger the D and smaller the P, the more just punitive damages may seem, but that's a subjective thing, the sort of award a court is more likely to reduce, often considerably.