Welcome to the new version of CaltechAUTHORS. Login is currently restricted to library staff. If you notice any issues, please email coda@library.caltech.edu
Published August 1993 | public
Journal Article

Making Decisions About Liability and Insurance: Editors' Comments

Abstract

Two related trends have created novel challenges for managing risks in the United States. The first trend is a series of dramatic changes in liability law. Tort law has expanded to assign liability to defendants for reasons other than negligence. Recent doctrines include joint and several liability, retroactive liability, probabilistic causation, and unlimited duration of liability. Many of these legal changes have added unpredictability about future damage claims (and about further changes in the law), making it difficult for firms to assess risks and for risks to be shifted effectively from firms to insurers (Committee for Economic Development, 1989).

Additional Information

© 1993 Kluwer Academic Publishers.

Additional details

Created:
August 20, 2023
Modified:
October 23, 2023