The Current Insurance Crisis and Modern Tort Law

Modern Tort Law Demystified

Tort law and medical malpractice insurance premiums.

This paper estimated the effects of tort law and insurer investment returns on physician malpractice insurance premiums. Data were collected on tort law from 1991 through 2004, and multivariate regression models, including fixed effects for state and year, were used to estimate the effect of changes in tort law on medical malpractice premiums. The premium consequences of national policy changes...

Automobile Accidents, Tort Law, Externalities, and Insurance: An Economist’s Critique

Preface – By Todd Litman This is a seminal article concerning traffic accident cost analysis and vehicle insurance pricing reform by Professor William Vickrey, winner of the 1996 Nobel Prize for economics. It describes how to determine the marginal accident costs of vehicle travel, identifies several problems associated with current insurance pricing and compensation practices, and proposes inn...

Insurance and the Tort System

This article examines Stapleton's view that insurance has lacked influence and been no more than a 'makeweight' argument in the development of tort liability. Looking at the wider context, the article describes the overwhelming importance of insurers to the litigation system and argues that all cases are affected by insurance practice. It distinguishes the effect of insurance upon judicial fact...

policies governing the concurrent application of systems of compensation (tort law,private insurance and social security)

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