Tuesday, July 17, 2007

State ranks 2nd in business favorability

Read it and weep if you’re a plaintiff’s trial attorney—or take credit if you’re a Republican attorney general.

Directorship magazine has ranked Virginia as having the second-best liability climate in the country for business. Nebraska ranked first.

The magazine says Virginia has the second lowest insurance loss ratio and labels the Supreme Court of Virginia as a “rule-of-law court” because it respects the will of the legislature and resists regulating through litigation.

Moreover, “[s]ince 1993, Virginia has elected attorneys general who were all active legal reform leaders, including the incumbent, Attorney General Bob McDonnell. As a member of the House of Delegates, General McDonnell introduced several liability reform bills that were signed into law.”

McDonnell touts the ranking in a release from his office.

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