'Tort
Tax' Costing Families $10K A Year
America’s out-of-control legal system
imposes a staggering economic cost of more than $865 billion
every year. (Click
to read more.)
U.S. Companies Spending a Fortune in Court
The typical U.S. company faces an average of 305 lawsuits and spends $12 million a year on litigation alone, not including settlements or judgments.
CFO.com, October 12, 2006
http://www.cfo.com/article.cfm/8044747?f=search
American Tort Reform Association (ATRA)
2006 Tort
Hell Study
2005 Tort
Hell Study
2004 Tort Hell
Study
2003 Tort Hell Study
Institute
for Legal Reform Study on Impact of Tort Liability Costs to
Business
2004
Report
Defense Trial Counsel of West Virginia -
www.dtcwv.org
Civil Justice Report,
August 2003
The
Negative Impact on the Current Civil Justice System on Economic
Activity in West Virginia
A report for the
West Virginia Chamber of Commerce, 2002
"What Are The Costs of Civil Litigation in West Virginia"
Winter
2002
Economic
Judicial Report - West Virginia Supreme Court of Appeals
2003 Report
A study by the Council of Economic Advisors estimates the direct costs
of the tort system to be $180 billion per year.
Council of Economic Advisors
Who
Pays for Tort Liability Claims?: An Economic Analysis of the
U.S. Tort Liability System, April 2002
West Virginia has the highest Workers' Comp rates in the nation - more
than three times the national average, and twice as much as the
next closest state...California.
National Foundation for Unemployment & Workers' Compensation
State
Workers' Compensation Cost Study, December 2003
Center for Studying Health System Change
Medical Malpractice
Liability Crisis Meets Markets: Stress in Unexpected Places,
September 2003
Out of total U.S. tort costs of over $200 billion—more than 2% of
GDP—trial lawyers gross $40 billion per year in revenues, or
50% more than Microsoft or Intel and twice those of Coca-Cola.
The Manhattan Institute
Trial
Lawyers, Inc., September 2003
Small
Business & Entrepreneurship Council
“Small
Business Survival Index 2004”
2005
National Ranking - West Virginia
is the 13th
worst state regarding tax friendliness
http://money.cnn.com/pf/features/lists/taxesbystate2005/index.html
http://money.cnn.com/popups/2005/real_estate/tax_friendly/picture.1.exclude.html
State
Business Tax Climate Index - 2004
http://www.taxfoundation.org/bp45.pdf
