What do EJR and JEI believe are the practical implications of restraint in the area of civil liability?

Thu, 08/02/2012 - 16:55 -- lwheeler

A small business can plan its growth better when the body of law that governs its activities and responsibilities is steady, clear and predictable. Businesses of all sizes are more likely to locate and expand in Oklahoma if they know they will be in a legal climate where the courts can be relied on to give statutes the meaning that the legislature appears to have intended. Towns and colleges and not-for-profits will have lower litigation budgets. The price of automobile insurance, malpractice insurance, and homeowners' and renters' insurance will be lower in a state where people have a clear sense of what the court will do if there is an accident or other unfortunate event.