U.S. tort costs nearly doubled between 2014 and 2023, rising from $299.7 billion to $579.7 billion, according to new research by Triple-I. Tort costs grew an average of 10.38% annually, approximately twice the rate of U.S. economic growth and nearly four times the rate of inflation.
Tort costs include monetary damages and related expenses associated with resolving civil claims. Rising litigation costs can affect insurance claims, premiums and insurance affordability for businesses and consumers.
Read the full Triple-I reportfor detailed findings on U.S. tort cost trends and their impact on insurance affordability and the broader economy.
