Groups calling for an overhaul of Louisiana’s legal system say “excessive” litigation costs subtract $1.9 billion from the state’s annual economic output, leading to the loss of 19,794 jobs and a per-person “tort tax” of $417.72…
As Raymond Johnson writes in this piece, not all lawyers are bad, but there are too many bad ones running amok in Florida. By taking advantage of Assignment of Benefits Agreements, they have managed to inflate insurance claims, squeezing insurance companies for millions and forcing them to raise rates, which means small businesses and everyday Americans are left to foot the bill…