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Why Lawsuit Reform is Important / Quick Facts
- New Yorkers spend an estimated $6,600 per household on tort liability costs annually, more than any other state in the country.
- There is one lawyer for every 112 residents, the most of any state and more than twice the national average.
- There are no limits on punitive damages in New York.
- Court judgments accrue 9% interest annually.
- In 2016, 5 of the top 20 largest court payouts were Scaffold Law claims, a New York-only construction liability law.
- New York leads the nation in medical malpractice payouts — an amount that reached $617,973,000 in 2017.
- Nearly one fifth of all medical liability payouts in the US are made in New York.
- New Yorkers spend 40% more than the national average on car insurance annually.
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