Working of the Tort Reforms -- The Fieger Forum

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Subject: Working of the Tort Reforms

Author:
Allwin

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Date Posted: 11/ 9/06 5:16am

Texas Tort Reforms have been a great example of the effects of Tort Reforms on the economy. Tort Reforms in Texas has been a key aide in the economic spur observed in Texas. In the year 1995, the Texas Legislature passed a series of bills to reform the state's civil justice system. These bills addressed: limits on punitive damages, joint and several liability, sanctions for filing frivolous suits, limits on venue shopping and out-of-state filings, modifications to deceptive trade practices and medical malpractice reform.

It was in the year 2003 that the Texas state legislature passed HB4 to further reform or restructure the state civil justice system. The bill addressed issues such as: limits on noneconomic damages; product liability reform; punitive damages; medical liability reform joint and several liabilities; and class action reform. The bill also approved a constitutional amendment, Proposition 1, in 2003, which eliminated potential court challenges to the law limiting the damages to $750,000. The passing of HB4 and the proposition 12 has made a great impact on the Texan economy in terms of growth in jobs and healthcare facilities for its citizens.

The success achieved by Texas due to these reforms is remarkable and is recognized by the business community. Texas was awarded the 2004 Governor�s cup award for the largest number of job creation announcements by the Site magazine. The site magazine also selected Texas as the state with the best business climate in the nation. The impact of judicial reforms on economic activity in Texas has been immense. According to a study, the total cost of the Texas tort system in the year 2000 was $15.482 billion. Without reforms, it is estimated that the total cost would have been $25.889 billion. This clearly shows how the Tort Reforms have reduced the unnecessary costs to the economy leading to its growth.

Mr. Dick Weekley, Chairman and CEO of the statewide organization, Texans for Lawsuit Reforms, have been active in tort reforms which make the judicial system, equally fair and balanced to everyone in the society.

www.pacificresearch.org/press/clip/2006/clip-05-24-06tlr.html

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Replies:

Subject	Author	Date
Re: Working of the Tort Reforms	Greta	11/ 9/06 9:21am
Re: Working of the Tort Reforms -- Chris, 11/ 9/06 12:31pm