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The Liability Century: Insurance and Tort Law from
The Liability Century: Insurance and Tort Law from
The Liability Century: Insurance and Tort Law from
The Liability Century: Insurance and Tort Law from
The Liability Century: Insurance and Tort Law from

The Liability Century: Insurance and Tort Law from the Progressive Era to 9/11

Product ID : 23316137


Galleon Product ID 23316137
UPC / ISBN 067402768X
Shipping Weight 1.32 lbs
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Binding: Hardcover
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Model
Manufacturer
Shipping Dimension 9.37 x 6.46 x 0.94 inches
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Author Kenneth S. Abraham
Number Of Pages 288
Publication Date 2008-03-31
Release Date 2008-03-17
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About The Liability Century: Insurance And Tort Law From

Kenneth Abraham explores the development and interdependency of the tort liability regime and the insurance system in the United States during the twentieth century and beyond, including the events of September 11, 2001.From its beginning late in the nineteenth century, the availability of liability insurance led to the creation of new forms of liability, heavily influenced expansion of the liabilities that already existed, and continually promoted increases in the amount of money that was awarded in tort suits. A “liability-and-insurance spiral” emerged, in which the availability of liability insurance encouraged the imposition of more liability, and, in turn, the imposition of liability encouraged the further spread of insurance. Liability insurance was not merely a source of funding for ever-greater amounts of tort liability. Liability insurers came to dominate tort litigation. They defended lawsuits against their policyholders, and they decided which cases to settle, fight, or appeal. The very idea behind insurance––that spreading losses among large numbers of policyholders is desirable––came to influence the ideology of tort law. To serve the aim of loss spreading, liability had to expand. Today the tort liability and insurance systems constantly interact, and to reform one the role of the other must be fully understood.