$7,500,000? Wally will pay this from petty cash. Or, rather, their insurance company will.
We all pay for it in the long run...
Actually, the customers will pay. Assume the check to the guy comes from the insurance company. Now Walmart’s insurance premiums go up. Walmart raises prices to cover the increase in insurance premiums and voila - the customer pays. This is true for increases in minimum wage, lawsuits, increased taxes...
I can pretty much guarantee that Walmart self insures. It also will not pay up. Walmart consumers and Walmart staffers will pay through higher prices and lower wages. So in other words the poor will pay.
I’m sure Walmart has at least a $1M deductible if not $5M. Also, Alabama is known for high jury awards like this. Appeals will go on for years.
If the accident is really severe with dead and wounded and lots of property damage, the insurance carrier will offer its policy limit and walk away.