R. B. Pepalis News
Rising car insurance costs continue to outpace overall inflation
The U.S. Bureau of Labor Statistic (BLS) reported that the Consumer Price Index (CPI) decreased by 0.1% in June, after showing no change over the month of May. Over the last year, the all items index has increased an average of 3% nationwide.
Lawsuits cost U.S. consumers $500 billion per year, hurting low-income Americans most
David Williams, president of the Taxpayers Protection Alliance (TPA), recently addressed the economic implications of mass tort litigation on Federal Newswire’s Business of America podcast. He argued that excessive lawsuits are a financial burden to taxpayers, with a significant portion of the funds being allocated to legal fees.
Mass tort litigation is hurting Californians' wallets
Consumer Action for a Strong Economy (CASE), a nonprofit organization advocating for consumer interests, has declared that all Americans are shouldering the costs of mass tort litigation while attorneys reap the benefits. In California, millions of residents, particularly those in low-income households, are grappling with affording basic necessities.