Posted On: May 19, 2005, 12:52 pm CDT

Posted By: Omar Aboulhosn

The simple fact is the insurance industry scares everyone to think they need tons of insurance so they can make money. Then they turn around and put forth half-truths and outright lies to get legislation passed to limit their exposure for legitimate claims. (Such as a cap on non-econ damages. No one can rationally explain to me how a quadraplegic can survive on a cap of $250K for example.) A good example is WV is the Med Mal tort deform that took place a couple of years ago. If a doctor kills or maims you at a trauma center the cap is $500k for ECON and Non-Econ.

The Insurance industry and the corporate backed politians want tort deform for one reason and one reason only: More Profit for thier them. According to them, forget the injured and maimed, they are all deadbeats looking for a hand out. That is why they ignore or down play articles such as these. They know if people knew the truth, tort deform would be dead in its tracks.

The point of this article is that the tort system does not affect the ecomony the way tort deform advocates claim. Corps and Insurance Companys are obviously affected by lawsuits filed by injured or defrauded people, but not the overall economy.

As for me and my home, I will continue to serve the interests of working men and women against irresponsible conduct, either negligence or fraud, that corporations and insurance companies commit.