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Tillinghast Study: U.S. Tort Costs Reach a Record $260 Billion

National News • March 13, 2006
U.S. tort costs reached a record $260 billion in 2004, or approximately $886 per person, according to the U.S. Tort Costs and Cross-Border Perspectives: 2005 Update from the Tillinghast business ...

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Subject: RE: tort costs

Posted On: March 20, 2006, 2:03 pm CST
Posted By: Linda Fermoyle Rice
Comment:
Jacqueline: I don't claim to be better educated or smarter than anyone else. In fact, I know lots of people who I think are a lot smarter than I am. If I was so bright, I wouldn't be handling medical negligence cases 31 years after the $250,000 MICRA cap was enacted by the State Legislature at the behest of the insurance industry and medical associations. Clearly, $250,000 in 1975 was worth a whole lot more then than it is now. In fact, it would have been possible to buy a mansion in Beverly Hills for that amount back then; it wouldn't purchase a median-priced home anywhere in the City today. Since 1975, the costs associated with litigation have skyrocketed, so it doesn't make a whole lot of financial sense to be representing people who have been injured by preventable medical mistakes - at least in California.

So, I'm not claiming to be smarter than you are. I'm just suggesting that, perhaps, attorneys are not the root of all evil, as you seem to suggest.

Certainly, there are people who take advantage of insurance - or try to. Anyone who defrauds an insurance company, should be held accountable for that. We can certainly agree on that.

If you don't think some insurance companies sometimes take advantage of their position of power to the economic disadvantage of their insureds, then we shall have to agree to disagree on that.

Not all lawyers are rich and/or greedy. Many of us do the work we do because it is enormously satisfying to help someone who is almost invariably at a disadvantage in the legal system. Helping others is what I do in my work and is why I also have been active in community service organizations for almost 20 years.
Subject Posted By Posted On
RE: A Re-cap of previous post by Linda Fermoyle Rice Rutherford
Mar 21, 2006, 8:06 am
A Re-cap of previous post by Linda Fermoyle Rice Jacqueline
Mar 21, 2006, 4:55 am
RE: tort costs Jennifer Smithson
Mar 20, 2006, 6:35 pm
tort costs not the same LL
Mar 20, 2006, 4:18 pm
insurance costs P&C Actuary
Mar 20, 2006, 3:25 pm
RE: RE: easy money for lawyers Rutherford
Mar 20, 2006, 3:03 pm
RE: Link on TrialLawyers.com?? Linda Fermoyle Rice
Mar 20, 2006, 2:46 pm
RE: U.S. Tort Costs Reach a Record $260 Billion Nick
Mar 20, 2006, 2:28 pm
Link on TrialLawyers.com?? LLCJ
Mar 20, 2006, 2:23 pm
RE: tort costs Linda Fermoyle Rice
Mar 20, 2006, 2:03 pm
RE: RE: tort costs Jacqueline
Mar 20, 2006, 1:21 pm
RE: tort costs Linda Fermoyle Rice
Mar 18, 2006, 5:11 pm
tort costs Nicholas I. Timko
Mar 18, 2006, 12:54 pm
RE: RE: RE: RE: RE: easy money for lawyers Johnson
Mar 16, 2006, 8:44 pm
RE: RE: RE: RE: easy money for lawyers Jacqueline
Mar 16, 2006, 6:30 pm
RE: RE: easy money for lawyers Johnson
Mar 16, 2006, 11:21 am
RE: RE: RE: easy money for lawyers Johnson
Mar 16, 2006, 11:17 am
RE: RE: easy money for lawyers Linda Fermoyle Rice
Mar 16, 2006, 11:04 am
RE: easy money for lawyers Linda Fermoyle Rice
Mar 16, 2006, 11:01 am
RE: easy money for lawyers Jacqueline
Mar 16, 2006, 3:42 am
RE: easy money for lawyers Johnson
Mar 15, 2006, 9:13 pm
easy money for lawyers Tony Mauhar
Mar 15, 2006, 6:52 pm
RE: RE: RE: easy money for lawyers Jacqueline
Mar 15, 2006, 5:23 pm
RE: U.S. Tort Costs Reach a Record $260 Billion bill
Mar 15, 2006, 4:13 pm
RE: RE: easy money for lawyers bill
Mar 15, 2006, 4:10 pm
RE: RE: easy money for lawyers bill
Mar 15, 2006, 4:08 pm
RE: easy money for lawyers John
Mar 15, 2006, 3:45 pm
RE: easy money for lawyers Lawyer who cares
Mar 14, 2006, 5:35 pm
RE: easy money for lawyers Linda Fermoyle Rice
Mar 13, 2006, 7:28 pm
easy money for lawyers LL
Mar 13, 2006, 6:48 pm
U.S. Tort Costs Reach a Record $260 Billion Linda Fermoyle Rice
Mar 13, 2006, 5:04 pm
U.S. Tort Costs Reach a Record $260 Billion tony mauhar
Mar 13, 2006, 12:40 pm
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