The litigation climate is likely to impact your insurance agency clients’ key decisions, including where to locate, according to a new study. In addition, you might be interested in how your state’s tort system compares to other states’. This information can be found in The 2007 State Liability Systems Ranking Study (see here). Some interesting findings:
The most important issues including punitive damage reform, the judicial process, tort reform in general, and the elimination of unnecessary lawsuits.
The cities/counties with the least fair and reasonable litigation environment include:
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Los Angeles, California
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Chicago/Cook County, Illinois
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Madison County, Illinois
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Mississippi
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New Orleans/Parish, Louisiana
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Miami/Dade County, Florida
The states doing the best job to create a fair and reasonable litigation environment include:
- Delaware
- Minnesota
- Nebraska
- Iowa
- Maine
California was singled out for its treatment of class-action lawsuits in an article at Insurance Journal, which noted that California has the fifth worst class action law in the country (see here).
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