CALA Newsletters
U.S. Tort Liability Index: 2010 Report
All of us shoulder the burden of an excessively expensive and inefficient tort liability system through higher prices, lower wages, decreased returns on investments in capital and land, restricted access to health care, and less innovation. Businesses that spend more money each year on liability insurance have less money available for research and development, or for health benefits for their employees. All of us pay the price, whether we realize it or not. There is growing evidence that today’s U.S. tort system as a whole, and especially the system in certain states, is a net cost to society at the margin.
The U.S. Tort Liability Index: 2010 Report measures which states impose the highest, and the lowest, tort liability
costs both in absolute and in relative terms. The study also measures relative tort litigation risks across states. Finally, it examines which states have rules on the books that, if implemented and enforced, help reduce lawsuit abuse and tort costs, resulting in a more balanced, predictable, and affordable civil-justice system.
Copyright
2010