Originally Posted by Scs748
yeah like when companies pollute water sources and kill hundreds or make defective products that end up disfiguring someone for life. we have juries for a reason, if it is frivolous it is up to a jury, no other way makes sense
if we cap the amount a lawsuit can be fore, companies WILL compare the cost of those lawsuits compared to the cost of correcting the problem
it was done with gas tanks that would explode on impact, it was decided that installing a shield for the tank would cost more then the lawsuits, shield was like a $30 part but compared to the number of cars..... companies don't care, lawsuits are the only thing keeping them with what little honesty they have
an example that i am familiar with:
swimming pool diving boards. everybody knows what they're for, right? now i would consider the inherent dangers common sense, wouldn't you? would anybody care to guess why i might have to charge nearly $100 for simple 2 bolt hardware kit, more than $3oo for a mounting kit consisting of a 2 part epoxy and 3 bolts, and cannot get liability insurance to cover my company working on them? (not cannot afford, cannot find) Good luck finding anybody reputable to install or repair you diving board guys.
Its because little jimmy decided to dive a little to deep on a perfectly installed, brand new, flawless diving board and broke his neck and is now confined to a wheelchair.
awarded his family 10 million dollars that was to be split 60/20/20 between:
the manufacturer, that had done nothing but supply a well built product that performed flawlessly.
the installer, who had correctly installed exactly what jimmy's dad had asked for.
and (this one gets me most) the pool service company, they had kept the pool clean and clear all summer, only thing they didn't do was warn jimmy or his parents about the danger of diving boards and the jury found that the parents had a "reasonable expectation" of such a warning. (out of business)
that is the type of lawsuit that i am referring to and it happens everyday in the medical industry. All of the players are insured from the mega drug companies to the local dentist. every time a claim is payed the rates go up and the only thing the players can do is raise prices to cover the overhead. that's the biggest reason drug prices get out of hand. that's mainly why surgeries cost so much.