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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: TORT COSTS

Posted On: May 27, 2005, 1:28 pm CDT
Posted By: Antibathos
Comment:
Forget for a moment the emotive elements of Big Bad Corporations vs. Sleazoid Lawyers. The fact is, it costs a total of $2.50 to $3.00 to get $1.00 to an injured claimant. The system/process sucks up a ridiculous share of the common funds to cover injury. And for all we are made to spend on this expensive fact-finding, the objective, substantive quality of the outcomes (think Bendectin, Breast implants, PCBs, perinatally-caused CP) is very poor. We pay a lot and we get a slowly generated often stupid verdicts.
Caps on damages is a bandaid, akin to a useless law saying "thou shalt not have a verdict that looks silly". Reform has to be at the beginning ang through the entire process with unwaivable cash consequences for delay, obfuscation, failure to admit the obvious, gamesmanship and the failure to get to the point.
Because the plaintiffs' bar can bring BS claims with little consequence and because the insurance companies can deploy expensive delaying tactics without penalty we (the public) get an inflated bill for our civil law safety net.
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
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