Palm Coast Injury Law Blog
Tort Reform: Giving away the Farm
This week the Tennessee legislature passed by a comfortable margin another law. This new law is another step taken by government which lops off by big chunks the right to the pursuit of happiness. Our forefathers called this right "inalienable" meaning it could not be sold or taken away.
The new law is a windfall to the Insurance industry which will now have to pay less damages when its clients wreck havoc in Tennessee. It caps out the maximum amount an injured victim can get in severe cases where there is paralysis, blindness, and amputations, and maxes out the punitive damages at a measely $500,000 no matter how bad the wrongdoing was: think drunk drivers, and mass toxic tort polluters.
Why should we care down here in Florida? Because laws like this are like weeds in the garden. They grow and encourage other legislatures to sponsor similar rules here. And guess what? This immensely successful movement to take away your rights is wildly popular among a lot of people who think it will reduce insurance costs. WRONG!!! Insurance companies have been shown time and again to not be passing on any savings to their customers.
Lawyers like me have been telling the public like you for years that TORT REFORM is a hoax. Big media and the PR engines of the largest companies, like big tobacco, have won. The battle is over. This is an easy sell to most uninformed Americans. I know because I have seen it first hand during Voir Dire.
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