Tort Costs Were Record $233 Billion in 2002

NU Online News Service, Dec. 10, 2:04 p.m.EDT

The system cost $233 billion in 2002, a $27.4 billion increaseover 2001, the study noted. Those costs translate into $809 perU.S. citizen--$87 more than in 2001 and $797 more than in 1950,Tillinghast said.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.