MANAGEMENT

Detailed explanation-1: -Tort reform refers to changes in the civil justice system in common law countries that aim to reduce the ability of plaintiffs to bring tort litigation (particularly actions for negligence) or to reduce damages they can receive.

Detailed explanation-2: -Examples of tort reform include: placing caps on non-economic damages, reforming the collateral source rule, limiting attorney contingency fees, specifying statutes of limitations, making apology statements inadmissible; and changing rules relating to forum shopping, joint and several liability, and expert witnesses.

Detailed explanation-3: -Damages under Tort refers to a form of compensation due to a violation, damage or accident, in basic terms. 1 Damage may claim defence of “expectation interest, ” “reliance interest, ” or “restitution interest, ” as explained by Fuller and Perdue.

Detailed explanation-4: -Tort reform has largely been successful at curtailing medical malpractice litigation in states where caps have been put in place. In states that have implemented medical malpractice lawsuit caps, average malpractice insurance premiums have dropped because rates of litigation have fallen.