America's tort system is anchored in precedent, yet estimating liability at scale remains one of the most complex challenges for legal experts.

David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of financial accounting, corporate and individual tax planning and preparation, and investing and retirement planning.

Jiwon Ma is a fact checker and research analyst with a background in cybersecurity, international security, technology, and privacy policies. Before joining Investopedia, she consulted for a global ...