Behind the Wheel of Legal Inflation: More Than $42.8B in Excess Auto Tort Cases Uncovered, New Triple-I Analysis Finds
An analysis published today by the
Drawing on data from the
"Triple-I’s latest research uses data to illustrate that the big business of
Key Federal Court Findings
- Tort cases grew to 33.8% of all federal civil case filings in the period 2014 to 2023, up from 18.8% in the 1994 to 2003 period.
- Motor vehicle tort filings rebounded sharply from previous declines, rising at a 4.9% compound annual growth rate (CAGR) from 2014 to 2023.
- A majority of these cases (52.8%) were resolved through settlement, with just 7.4% resulting in a formal judgment.
-
The total excess value of federal court filings for motor vehicle torts is estimated at
$984.6 million during this period.
State Court Insights
- An estimated 5 million motor vehicle tort cases were filed in state civil courts from 2014 to 2023.
-
Based on extrapolated data from 18 states covering 62% of the
U.S. population, the excess value in state courts is projected at$41.8 billion . -
Cases in no-fault insurance states carried an average amount in controversy of
$725,000 , compared to$650,000 in other states.
Total National Impact
Combined, state and federal filings resulted in an estimated
“This study highlights how increasing tort litigation, particularly in the motor vehicle sector, is driving up insurance premiums,” said
The findings reinforced previous research conducted by
About the
Since 1960, the
About The Institutes
The Institutes® are a global not-for-profit comprising diverse affiliates that educate, elevate and connect people in the essential disciplines of risk management and insurance. Through products and services offered by The Institutes’ nearly 20 affiliated business units, people and organizations are empowered to help those in need with a focus on understanding, predicting and preventing losses to create a more resilient world.
The Institutes is a registered trademark of The Institutes. All rights reserved.
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