Tort Liability, Insurance Rates, and the Insurance Cycle

2004 ◽  
Vol 2004 (1) ◽  
pp. 97-138 ◽  
Author(s):  
Scott E. Harrington
Keyword(s):  
Liability Insurance ◽  
Tort Liability ◽  
Insurance Rates

scholarly journals The First Liability Insurance Cartel in America, 1896–1906

2011 ◽  
Vol 29 (2) ◽  
pp. 375-417
Author(s):  
Sachin S. Pandya
Keyword(s):  
United States ◽  
The United States ◽  
Liability Insurance ◽  
Insurance Companies ◽  
Personal Injury ◽  
Tort Liability ◽  
Business Operations ◽  
Premium Rates ◽  
Share Information

This article studies the rise and fall of the first liability insurance cartel in the United States. In 1886, insurance companies in America began selling liability insurance for personal injury accidents, primarily to cover business tort liability for employee accidents at work and non-employee injuries occasioned by their business operations. In 1896, the leading liability insurers agreed to fix premium rates and share information on policyholder losses. In 1906, this cartel fell apart.

scholarly journals Compensation for Non-Economic Loss, the Tort-Liability Insurance System, and the 21st Century

2005 ◽  
Vol 39 (2-3) ◽  
pp. 571-598
Author(s):  
Roger C. Henderson
Keyword(s):  
United States ◽  
Economic Loss ◽  
The United States ◽  
Liability Insurance ◽  
Tort Liability ◽  
Auto Insurance ◽  
Insurance System ◽  
Pain And Suffering ◽  
Definition Of

Tort awards for non-economic loss have grown in an almost geometric progression in the United States since first recognized nearly 150 years ago. Not only have courts constantly expanded the areas in which claimants are permitted to recover pain and suffering awards, but at the same time they have liberalized the definition of pain and suffering itself This may be traced in part from the way the judicial system was designed after the American Revolution, the role of lawyers in the system, and the affluence of the country. Consequently, awards for non-economic loss have taken on ever increasing importance, an importance that does not bode well for the prospects for future adoptions of no-fault auto insurance plans that would curtail such recoveries. This article sketches historical influences on the tort-liability insurance system and summarizes modern developments in the law of damages for non-economic loss in the United States. It then raises questions regarding the prospects for adoption of the federal Choice No-Fault Auto Reform Act now pending in the U.S. Congress, a plan that would offer auto accident victims the choice of being compensated on a no-fault basis, while waiving their right to recover for pain and suffering. It concludes by offering a possible scenario of how future efforts to reform the tort-liability system in the United States may occur as we move into the 21st century.

scholarly journals Municipal Corporations: Tort Liability: Purchase of Liability Insurance as Waiver of Immunity

1956 ◽  
Vol 54 (3) ◽  
pp. 404
Author(s):  
Alice Austin ◽  
William C. Becker
Keyword(s):  
Liability Insurance ◽  
Tort Liability
Sign in / Sign up

Export Citation Format

Share Document