Subscribe
Receive the weekly DocuTicker Newsletter.
Find out more »

Enter your
email address:

My Account »

Bookmark and Share

Testimonial?
If you find DocuTicker useful, please supply a testimonial »

Home > DocuBase > Article

« All DocuBase Articles

 

Tort Laws that Save Americans the Most Money

May 26, 2009 13:28

Tort Laws that Save Americans the Most Money
Source: Pacific Research Institute

The Pacific Research Institute (PRI), a free-market think tank based in California, today released Tort Law Tally, a new report identifying which state tort reforms reduce tort losses and tort insurance premiums the most.

The analysis identifies 18 reforms to state civil-justice systems that significantly reduce tort losses and/or tort insurance premiums. The cumulative effect of reforms across all tort categories is a 47-percent reduction in losses and a 16-percent reduction in insurance premiums for consumers. “Our study helps state legislators and legal reformers identify which tort reforms produce the biggest bang for the buck,” said Lawrence J. McQuillan, PhD, project director and PRI director of Business and Economic Studies.

When tort reforms are ordered according to each reform’s ability to reduce aggregate tort losses, the top eight reforms are:

1. attorney-retention sunshine (12-percent reduction)
2. Daubert rule (10 percent)
3. frivolous lawsuits (7 percent)
4. jury service (6 percent)
5. appeal-bond caps (4 percent)
6. negligence standard (3 percent)
7. non-economic-damage caps (2 percent)
8. medical-malpractice damage caps (1 percent)

+ Full Report (PDF; 555 KB)


Category:


Source:


Please note: DocuTicker's editors collect citations for full-text PDF reports freely available on the web but we do not archive these reports. When you click a link to find and/or download the report, you are leaving the DocuTicker site. DocuTicker makes no representations regarding the ongoing availability of any report or any external resource. Links were accurate as of the date of posting.




DocuTicker sponsored by:

Articles

DocuBase Archive »

Article Categories

All Article Categories »

Sources

All DocuBase Sources »

Source Categories

All Source Categories »

Archive

All Archives »

Subscribe

Receive the DocuTicker Newsletter each week.

Find out more »

FUMSI Forum

FUMSI ForumDo you have a research question?

Post your question to the FUMSI Forum, where professionals share Q&A and useful tips on how to Find, Use, Manage and Share Information. It’s free.

Visit and post now »

FreePint Family

ResourceShelf is part of the FreePint Family of sites and resources to support information and knowledge work.

Learn more about the
FreePint Family »