December 15, 2007
"Tort Costs" Decline
Towers Perrin has released its 2007 Update on U.S. Tort Costs Trends, which is available here. "Tort costs" are defined as: 1. benefits paid or expected to be paid to third parties, 2. defense costs, and 3. administrative expenses. Tort costs in 2006 declined by 5.5% from the previous year, the first decline since 1997.
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So how are the lobbyists going to make a ton of money by selling tort reform?
Posted by: Todd K. Bolus | Dec 18, 2007 8:06:30 PM