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January 25, 2005

$1,000 per American citizen

That's what the nation's liability insurance bill could cost by 2006 on current trends, says Tillinghast-Towers Perrin. The current size of the liability insurance market and related self-insurance is estimated at $245.7 billion or $845 per person, or more than $3300 per family-of-four; medical malpractice insurance made up $26.5 billion of that. In an acknowledgment of its significance, the litigation lobby has been conducting an amusingly hysterical campaign against the Tillinghast data series, claiming that the numbers "have no connection whatsoever to the costs of lawsuits, litigation or the courts" and "are completely irrelevant to any discussion of the civil justice system". See this, this, etc.

Posted by Walter Olson at 12:03 AM | TrackBack (0)

Statistics/Empirical Work



Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.