Tort reforms and monetary caps have put Texas at the top of the list of states with the best tort cost environment, while Vermont picks up the rear, according to a new study.

The U.S. Tort Liability Index: 2006 Report, published by the Pacific Research Institute, ranks all 50 states in terms of relative tort burdens and relative tort reforms.

“By placing monetary caps on damages and instituting a wide range of tort reforms, state officials have made Texas very attractive for businesses–it's no surprise that the state has had a strong economy,” said study author Lawrence McQuillan.

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