Wednesday, May 25, 2005

Costs of the Tort System -- The Debate Continues

We learn from a post by Walter Olson at Point of Law of a new round in the debate over the costs of the U.S. tort system. In one corner, insurance consulting firm Tillinghast-Towers Perrin defends its figures and approach. In the other, the Economic Policy Institute responds, standing by its criticisms. For background, see our post of 5/18/05.


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Fed. R. Evid. 702: If scientific, technical, or other specialized knowledge will assist the trier of fact to understand the evidence or to determine a fact in issue, a witness qualified as an expert by knowledge, skill, experience, training, or education, may testify thereto in the form of an opinion or otherwise, if (1) the testimony is based upon sufficient facts or data, (2) the testimony is the product of reliable principles and methods, and (3) the witness has applied the principles and methods reliably to the facts of the case.