America remains a litigious society, with its penchant for lawsuits so far managing to survive every effort at tort reform. In fact, the American tort system costs more than 2 percent of the gross domestic product, more than double the average percentage of other western countries, according to the San Francisco-based Pacific Research Institute. The PRI says the U.S. tort system costs taxpayers $865 billion every year—27 times more than the federal government’s homeland security budget, 30 ...
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Contact: Desiree Torres Desiree.Torres@penton.com