Does anyone know where I can find numbers, or credible estimates, on the total amount paid out by the tort system?
I don’t mean “the cost of the tort system” in terms of products taken off the market or anything like that, just total tort payments. Ideally, this would even include the amounts paid out in settlements. Yes, I know, how do we know these numbers? Viscusi discusses liability insurance premiums in some of his work in the late 1980s or early 1990s, but I’ve been having trouble backing out a total number out of his statistics. Maybe I just haven’t looked deeply enough.
Anyway, if anyone knows of a source that purports to discuss total tort system payouts, please let me know.
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