Wouldn't this mean that the only people able to make claims in the first place are people with $1M to spare? It might deter aggressive claims, but also prevent individuals from making claims on violations of their copyrights.
I like that system.
I've always wondered about this loophole in that system.
How would you word this clause without people saying "I just hired him, I didn't tell him to speed"?
If you're rich enough you don't need to hurry... And if you do, you take the private jet.
It would be accessible to the common person, but for a mega company making bulk fraudulent claims, it becomes expensive.