Liability Risk and Insurance
US Tort costs up 14.3% in 2001
The US tort system cost $205bn in 2001, representing a 14.3% increase in tort costs since the year 2000. This is according
to a report by Tillinghast – Towers Perrin entitled ‘US Tort Costs: 2002 Update,’ which also found that US tort costs are
equivalent to a 5% tax on wages.