Tort Costs Climbed $5.1B In '07: Report

Law360, New York (November 20, 2008, 12:00 AM EST) -- Fueled by a rise in automobile wrecks, tort costs in the United States rose $5.1 billion, or 2.1 percent, in 2007, a report by consulting firm Towers Perrin said.

The report, “2008 Update on U.S. Tort Cost Trends,” was released Tuesday, and said companies should brace themselves for increased tort costs in the coming years.

The U.S. tort system cost $252 billion in 2007, or roughly $835 per person, according to the report. Tort costs totaled $246.9 billion, or roughly $826 per person, in 2006, Towers...
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