The U.S. Chamber Institute for Legal Reform recently released a report which concludes that among Canada, European nations and the United States, the latter “has the highest liability costs as a percentage of GDP of the countries surveyed, with liability costs at 2.6 times the average level of the Eurozone economies.” When compared to the countries with the lowest liability costs, U.S. costs “are four times higher,” although several countries are apparently catching up—“liability costs in the U.K., Germany and Denmark have risen between 13% and 25% per year since 2008.” The “study builds on prior research that relied upon aggregate insurance premium and loss data by using individual companies’ purchases of general liability insurance policies to estimate liability costs.” The authors defend this data base as meaningful for analysis “because a large fraction of liability costs are covered by insurance, and coverage is sufficiently similar in Europe, the U.S. and Canada.”