Federal Taxation: Transferee Liability of Insurance Beneficiary

Corrective Taxation versus Liability

Since the writing of A. C. Pigou (1932), taxes have been emphasized as a means of control of activities that generate harm, especially in the domain of pollution, yet their use is in fact limited (Robert N. Stavins 2003). In contrast, liability has great importance in reducing harm. Much of the vast terrain of accidents—from oil spills, to crane mishaps, to car collisions—is subject to liabilit...

Liability and liability insurance for medical malpractice.

Physicians typically carry virtually complete malpractice insurance coverage. This contradicts standard theoretical predictions that under a negligence rule of liability there should be no demand for insurance, and insurance policies under moral hazard will contain co-payment provisions. It is argued that judicial 'errors' in defining negligence generate a demand for liability and legal defense...

Physicians' Charges Under Medicare: Assignment Rates and Beneficiary Liability

Under Medicare's Part B program, the physician decides whether to accept assignment of claims. When assignment is accepted, the physician agrees to accept as full payment Medicare's allowed charge. Physicians' acceptance of assignment is of considerable importance in relieving the beneficiaries of the burden of the costs of medical care services. This factor and the beneficiaries' liabilities f...

Liability Insurance Pricing

The goal of this article is to test whether the threat of regulating (or of more stringent regulation of) automobile liability insurance as portrayed in the popular and industry press induces insurers to change the way they price their policies. More to the point, using quarterly state data from 1984 to 1993, the author attempts to determine whether insurance companies reduced premium increases...

The Liability Insurance Crisis