The Plain Dealer reports, on April 15, 2007, that the cost of tort litigation is continuing to climb skywards. According to the article (using data produced by Towers Perrin), the tort system cost $2 billion dollars in 1950. In 10 years, that figured increased by 150%. In 10 more years, it increased by almost 200%. 10 more years and the number increased by almost 200% again. By 1990, the number had grown to $130 billion dollars. Fifteen years later, the number doubled again.
In 2005, the tort system cost every man, woman and child in the USA $880.
Interesting, with the growth of tort reform since the new Millennium, the costs still increased by almost $80 billion.
Is this exponential growth a result of people who are quick to blame others? Or is it indicative of a society that doesn’t take responsibility for its own actions?
Yet, somehow, most of America knows who is the father of Anna Nicole’s (irony of irony: no last name needed) baby.
