By Mark Wilson, president and CEO of the Florida Chamber of Commerce and Lisa A. Rickard, president of the U.S. Chamber of Commerce Institute for Legal Reform
Originally appeared in the Daytona Beach News-Journal
Hard-working Floridians on their way to work every day drive past billboards in which trial lawyers invite them to sue someone.
Often, most Floridians don’t pay that much attention to them. But they do pay attention to how expensive things are getting — food, prescriptions, clothes, cellphones, even a tube of toothpaste.
Ever wonder why?
Florida families pay about $3,400 each year for something most people don’t even know about — lawsuits.
It works like this: When your doctor, car insurance company or favorite restaurants are hit with a frivolous lawsuit, the cost of doing business goes up. Prices rise, and Florida families pay more. In essence, we all pay a “lawsuit tax.” Read More