US tort costs reached a record $246bn in 2003, or approximately $845 per person, according to 'US Tort Costs: 2004 Update' from Tillinghast.This, it argues, represents a 5.4% increase in tort costs from 2002 - which while a considerable increase is still a slower growth rate than the prior two years (13.4% increase in 2002; 14.7% increase in 2001).The 5.4% rate of growth in tort costs in 2003 slightly exceeds overall economic growth (as measured by gross domestic product - GDP) of 4.9%.Comme
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