Monday, February 24, 2003

But, Brian King directs me to an article from Business Week, a publication that certainly would be considered favorable to the pro-business tort reform side of the debate. Pertinently:
MYTH 1: Premiums have risen more slowly in states with caps on pain-and-suffering awards.

MYTH 2: Runaway jury awards are forcing insurers to raise rates.

MYTH 3: The number of mega-awards is growing.

MYTH 4: Courts are clogged with an exploding number of claims.

Conclusion: On this and many other key points, proponents of caps simply aren't coming up with the facts to make their case. Instead, they're relying on scare stories--always a bad starting point for making serious policy decisions.

Read the whole story -- it cogently discusses the situation.

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