End the “lawsuit lottery”. “By Tennessee law, up to one-third of the award goes to the plaintiff’s attorney. Television in the Memphis area is rife with ads from various firms. One firm asks people to contact them for ‘any injury, major or minor.’ Another states ‘the sky’s the limit.’ The result has been both a proliferation of lawsuits and a sharp rise in the money paid out by SVMIC through both settlements and jury awards.
In 1991, there were 877 new suits filed against policyholders of SVMIC, but in 2004 there were 1,534. That’s a 75 percent increase in claims filed.”
