By the Numbers
By the Numbers
- Lawsuit abuse costs the average household up to $4,207 annually. Source: U.S. Chamber of Commerce Institute for Legal Reform
- Tort costs amounted to $529 billion in 2022, representing 2.1% of U.S. GDP. This is an economic burden that slows innovation, reduces competitiveness and productivity, and restrains job growth. Source: U.S. Chamber of Commerce Institute for Legal Reform
- Overall tort costs are projected to rise to over $900 billion annually by 2030. Source: U.S. Chamber of Commerce Institute for Legal Reform
- Reigning in lawsuit abuse would help create 5.7 million jobs and reduce grocery price inflation by 15%. Source: U.S. Chamber of Commerce Institute for Legal Reform
- 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
- Truck insurance premium costs per mile increased overall by 47 percent over between 2010 and 2020. Source: American Transportation Research Institute (ATRI)
- Between 2010 and 2018, the average size of large verdicts against the trucking industry increased by nearly 1,000%, from $2.3 million to $22.3 million. Source: ATRI
- 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