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posted on March 14, 2006
U.S. Tort Costs Reach a Record $260 Billion, According to Tillinghast Study
Commercial Tort Costs Continue to Outpace Personal Tort Costs
U.S. tort costs reached a record $260 billion in 2004, or approximately $886 per person, according to the U.S. Tort Costs and Cross-Border Perspectives: 2005 Update from the Tillinghast business of Towers Perrin. This surpassed the previous record set in 2003 by $16 billion. The 2005 Update analyzes U.S. tort costs from 1950 through 2004, with projections through 2007.
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