The Pacific Research Institutes 2010 US Tort Liability Index

The Pacific Research Institute\'s 2010 U.S. Tort Liability Index ranks the 50 states according to their \"tort climates.\" Go to the report\'s state rankings http://www.nylawsuitreform.org/wp-content/uploads/2011/06/20100525_Tort_Liability_Index_2010.pdf and choose two states. Determine each state\'s rank according to the PRI study. Is the state a \"Saint,\" \"Sinner,\" \"Salvageable,\" or \"Sucker\" and why does it matter?

Solution

Assuming PRI study is this study done in Pacific Research Institute.

The two states of my choice are Alaska and Iowa

Alaska ranks are Output ranking is 1 and Input ranking is 16. This state is categorized as saint. The state has low monetary tort losses, low tort litigation risk and strong rules on the books. So this category matters as it tells investors that this is a favorable state.

Iowa ranks are Output ranking is 10 and Input ranking is 40. This state is categorized as sucker. The state has weak tort rules and low monetary tort losses, low tort litigation risk. So they believe that they do not need any reforms. So it is not a good state for lawsuits againt companies.