Tag: julio fuentes
Florida is the place to be. During the height of the COVID-19 pandemic, more than a quarter of a million people relocated to the Sunshine State. At the same time, we have added almost...
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.
The Florida Legislature and executive regulatory agencies set certain parameters around fees that companies can charge for specific services. Where the rubber meets the road is when those fees determine whether a company can continue to provide said services under the fee limitations.
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.