Tort-Liability System Cost U.S. Taxpayers $260 Billion in 2004, Consulting Firm Says

The nation’s tort-liability system cost U.S. taxpayers $260 billion in 2004, nearly $900 for every man, woman and small child in the nation, according to a report to be released today by insurance-industry consulting firm Tillinghast. The report also projects the cost will rise to nearly $315 billion by 2007, increasing at a greater rate of growth than that of the overall economy.