By the Numbers
By the Numbers
Additional Stats:
- From 2016 to 2022, tort costs grew at an annual rate of 7.1%, outpacing the average annual inflation rate of 3.4%. Source: U.S. Chamber of Commerce Institute for Legal Reform
- Over this period, annual growth for commercial automobile liability was 10.1 percent. Source: U.S. Chamber of Commerce Institute for Legal Reform
- In 2024 alone, more than $2.5 billion was spent on nearly 27 million ads for legal services or soliciting legal claims. By comparison, pizza restaurants spent $1.1 billion on 4.1 million ads. Source: American Tort Reform Association (ATRA)
- Tort costs result in a $156.1 billion reduction in tax revenue for federal, state, and local governments. Source: Citizens Against Lawsuit Abuse
- Between 2013-2022, the total value of nuclear verdicts specifically impacting trucking amounted to over $5.5 billion. Source: U.S. Chamber of Commerce Institute for Legal Reform
- Excess torts result in a “tort tax” of $1,666 per person. Source: Citizens Against Lawsuit Abuse
- Excess torts have cost an estimated 4.8 million jobs. Source: Citizens Against Lawsuit Abuse