Waiting for Fitzgerald

[taxwonk]

Originally posted by Hank Chinaski
Wonk- the problem isn't really the stray odd verdict. the problem is that business has to fund a huge insurance industry that employs an army of firms. only GGG could think that was free.

Then I would submit that the problem is the insurance industry. Because of you look at the econometric studies that have been conducted, what you will see is that jury awards and settlements have remained largely constant in real dollar terms while premiums have risen.

I know insurance costs are high. My malpractice premiums are going up 30% this year. But attorney malpractice claims and awards have not even kept pace with inflation.