Tort cost growth levels off, but '94 price tag hits $152B.

National Underwriter Property & Casualty-Risk &Benefits Management | November 13, 1995| | Copyright

After 50 years of double-digit growth, tort costs have leveled off, but with a total price tag of $152 billion in 1994, the U.S. tort system is still the most expensive in the world and it remains a highly inefficient way to compensate claimants, according to a study by Tillinghast-Towers Perrin.

The study - entitled "Tort Cost Trends: An International Perspective" - shows that since the mid-1980s, tort cost growth has slowed to a rate approximating the growth of U.S. economic output.

Before then, between 1950 and 1985, U.S. tort costs surged upward at a rate of ...

Read all of this article with a FREE trial to HighBeam Research

Related newspaper, magazine, and trade journal articles from HighBeam Research

(Including press releases, facts, information, and biographies)

U.S. tort costs reach a record $260 billion
Magazine article from: Northeast Pennsylvania Business Journal ; ...2004." U.S. tort cost growth since 1950...for inflation, tort costs per capita have...of international tort costs was somewhat surprising...anecdotally that tort cost trends in the U...changing patterns in tort costs each year; personal and commercial ...
U.S. Tort Costs Reach a Record $260 Billion, According to Tillinghast Study; Commercial Tort Costs Continue to Outpace Personal Tort Costs.
Business Wire ; ...2004." U.S. tort cost growth since 1950...for inflation, tort costs per capita have...of international tort costs was somewhat surprising...anecdotally that tort cost trends in the U...changing patterns in tort costs each year; personal and commercial ...
TILLINGHAST FINDS NATION'S TORT COSTS INCREASE BY 13.3% IN 2002.
Newspaper article from: Liability & Insurance Week ; ...The study predicted tort costs would increase by about...predict future increases in tort costs, it noted the insurance...mitigate the rapid rise in tort costs during the last period...inflation-adjusted tort cost increases (1975-77...
U.S. Tort Costs Total $261 Billion in 2005, According to Tillinghast Study.
Business Wire ; ...Conn. -- U.S. tort costs totaled $261 billion...Update on U.S. Tort Cost Trends from the...growth rate of tort costs in 2005 was 0...Update on U.S. Tort Cost Trends is the tenth study of U.S. tort costs published by the...
U.S. Tort Costs Down in 2006, According to Towers Perrin Study.
Business Wire ; ...Conn. -- U.S. tort costs totaled $247 billion...Update on U.S. Tort Cost Trends from the...Towers Perrin. Tort costs declined by 5...follow." U.S. tort cost growth since 1950...for inflation, tort costs per capita have...
Tort costs increase moderately.(National Report)
Magazine article from: Claims ; ...years. In 2002, tort costs rose 13.4 percent...The moderation in tort cost growth during 2003...future spikes in tort costs to come from this...commercial line tort costs dropped significantly...which slowed total tort cost growth. Asbestos...
Tort costs top $233 billion.(Top Stories Of The Week)
Magazine article from: National Underwriter Property & Casualty-Risk & Benefits Management ; ...per year in all other tort costs. "Unlike asbestos...Most pundits look at tort costs in terms of their impact...Tillinghast estimated annual tort cost increases for the next...range. At that rate, tort costs would exceed $1,000...
Report: tort costs at record $205 billion. (Tillinghast Study: Tort Costs).
Magazine article from: National Underwriter Property & Casualty-Risk & Benefits Management ; ...quickening pace of the tort cost increase was the...level, U.S. tort costs amount to a five...in the rise of tort costs was a significant...the $26 billion tort cost increase from 2000...percent for overall tort costs, according to...
U.S. Tort Costs Climbed to Record $233 Billion in 2002, According to Tillinghast Study; Costs Were 13.3% Higher Than 2001: Second Year of Double-Digit Growth Rates.
Business Wire ; ...predict future increases in tort costs, Tillinghast estimates...this rate of increase, tort costs could equal more than...benchmark. "The spike in tort cost growth during the past...The current surge in tort costs may lead to similar reactions...
U.S. Tort Costs Increased in 2003, but at a More Moderate Pace Than in Prior Years, According to Tillinghast Study.
Business Wire ; ...Update analyzes tort costs from 1950 through...rate of growth in tort costs in 2003 slightly...The moderation in tort cost growth during 2003...along with a tort cost growth rate for...expects U.S. tort costs to increase 6...

Find more facts and information related to the article "Tort cost growth levels off, but '94 price tag ..."