Texas and Florida are leading in tort reform, bringing more business and economic growth to southern Boom Belt states, according to a report by the Texas Conservative Coalition Research Institute (TCCRI) and The James Madison Institute (JMI).
Tort Reform Success
The report argues that Texas’ and Florida’s economic dominance is the direct result of multi-decade efforts to create a predictable civil justice environment. These reforms spurred the business investment, population growth, and capital inflows that define the Boom Belt.
Texas Gov. Greg Abbott and Florida Gov. Ron DeSantis pointed to Texas’ and Florida’s pro-growth policies as driving the economy, attracting businesses, and causing more residents to relocate to these states.
Boom Belt States
Boom Belt states include Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas. The TCCRI and JMI argue that trial lawyers and their allied organizations are attempting to roll back reforms in both states.
The groups recommend state lawmakers in Texas and Florida consider passing legislation to prevent unreasonable damage awards and rising public costs, including how future lost earnings and noneconomic damages are calculated and limiting medical negligence liability.
Original reporting: KTBS 3 (Shreveport) — read the source article.
