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Tillinghast Defends U.S. Tort Costs Study Against Criticisms
National News • May 18, 2005
The Tillinghast business of Towers Perrin has come out in defense of its annual study of the costs of the U.S. tort system, which has come under fire by a Washington, D.C. economic research ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: TORT COSTS | Chris Russell | May 27, 2005, 3:01 pm |
| TORT COSTS | Antibathos | May 27, 2005, 1:28 pm |
| RE: RE: RE: RE: TORT COSTS | LLCJ | May 23, 2005, 2:15 pm |
| RE: RE: RE: TORT COSTS | Chris Russell | May 20, 2005, 6:48 pm |
| RE: Tort Cost Study | LLCJ | May 20, 2005, 12:15 pm |
| Tort Cost Study | Concerned Claims | May 20, 2005, 9:16 am |
| RE: RE: TORT COSTS | LLCJ | May 20, 2005, 7:30 am |
| RE: TORT COSTS | Chris Russell | May 19, 2005, 8:11 pm |
| RE: TORT COSTS | Joanna Eiermann | May 19, 2005, 2:15 pm |
| The Economic Policy Institute | GB | May 19, 2005, 1:50 pm |
| TORT COSTS | Conderned claims person | May 19, 2005, 12:08 pm |
| Back to article | ||
Subject: RE: RE: TORT COSTS
Let us distinguish between liability lines of insurance and other lines. For in the other lines, tort costs are high due to bad faith claims and others that may or may not be justified. I can't comment on this.
However, in the liability lines, the crisis does not arise from insurers not paying in 80% of the cases as Chris Russell alleges. If an insurer doesn't fight the majority of the liability allegations (except those that are obvious), do you realize how many lawyers and plaintiffs would come out of the woodwork? When medical malpractice plaintiffs get paid upwards of 50 million dollars in PUNITIVE damages, we have a problem. When doctors and nurses are so concerned with dotting the i's and crossing the t's so much with their documentation because of fear of lawsuits, we have a problem. When hospitals spend more money paying malpractice costs rather than on nurses, we have a problem
Houston, we have a problem.