Analyze where tort litigation is heading, from reform efforts to class actions, and the different kinds of costs litigation creates.
Free CAS Exam 6-U.S. (Regulation and Financial Reporting) lesson in United States Laws and Regulations. 7 min read, ~1,082 words.
Tort costs split three ways: claimant net compensation, claimants' legal (plaintiff attorney) costs, and defense plus administrative costs. Compensation divides into economic damages (medical bills, lost wages, provable) and non-economic damages (pain and suffering); punitive damages punish and deter, not compensate. Only about half of every tort dollar reaches claimants...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
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- Exam Shortcuts
Learning objectives
- A6
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