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Study: State is a 'saint'
Mississippi Business Journal News Clipping
8.22.2008
Mississippi Business Journal (MS), August 22, 2008
SAN FRANCISCO — The Pacific Research Institute (PRI) has released its report comparing the legal climates of all 50 states. And the report is favorable for Mississippi, ranking it ninth.
According to the "U.S. Tort Liability Index: 2008 Report," North Dakota ranks best in tort costs and litigation risks, while Florida is the worst. In terms of tort laws, Colorado ranked first and Rhode Island last.
By merging the quantitative tort costs ranking with the tort laws ranking, the study divided the states into four groups: saints, sinners, suckers and salvageables. Mississippi was rated a saint.
Dr. Lawrence McQuillan, co-author of the study and director of PRI's business and economic studies, said, "Mississippi is near the top of the list… because of its low tort costs and few litigation risks, factors that helped it earn 'saint' status. Mississippi ranked 23rd in terms of the input variables, the variables that measure the tort laws on its books. Mississippi has greatly improved its tort climate and business environment in recent years through meaningful tort reform that has reduced tort costs substantially. The rest of the country should learn from Mississippi's example."
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