Tag: florida state hispanic chamber of commerce
The study shows torts currently cost Florida $10.0 billion in annual direct costs, $15.5 billion in annual output (gross product), around 167,750 jobs, $811.1 million in annual state revenues and $679.4 million in annual local government revenues and claimed excess torts result in a “tort tax” of $719.01 per person.
This week, the Florida State Hispanic Chamber of Commerce (FSHCC) named the “Top 50 Hispanic Business Leaders in Florida.”
At the panel forum, the NFIB and the FSHCC cited the high cost of frivolous lawsuits in Florida, pointing to a recent report from Citizens Against Lawsuit Abuse. The report estimates the impact of excessive tort costs on Florida economy’s to be around $7.6 billion annually in direct costs.