Insurers play a critical role in the civil justice system. By providing liability insurance to parties who would otherwise be untenable as defendants, insurers make litigation possible. Once litigation materializes, insurers provide representation, pay legal fees, and often play a central role in resolving disputes through settlement or adjudication. In this paper, we explore empirically how these key litigation players make important decisions in the litigation process, like evaluating a case, deciding whether to settle, and if so, on what terms. We find that insurers that have been shown to distort litigation decision making, appear to make decisions in a more economically rational fashion than other litigation players. This finding, thou...
This article reports and explains four key findings about the difference between the role of insuran...
We develop a theory of insurance claim settlement whose structure embodies an insurer’s capacity dec...
If the legal system operates perfectly in applying the negligence rule, potential injurers always me...
Insurers play a critical role in the civil justice system. By providing liability insurance to parti...
A pervasive problem in the settlement of liability litigation arises because liability insurers bund...
Each year in America, an estimated $200 billion is spent purchasing third-party liability insurance....
One of the most significant decisions during the past year in the field of liability insurance was t...
Law and economics scholars generally view regulation and litigation as substitutes in the task of de...
Claims payment is the primary service purchased by the majority of insurance buyers. How this servic...
There is a prevailing view among jurists and practitioners that a declaratory judgment action is an ...
To what extent does the institution of insurance influence a system of compensation for personal inj...
Empirical findings suggest that extralegal factors, such as geographic location, ethnicity, gender, ...
This Note will demonstrate that the Mahler court\u27s decision will lead to inefficient results, bec...
If the courts never make mistakes, so that there is no uncertainty about the negligence rule, potent...
Insurers may at times exploit the delay inherent in the civil litigation process to induce needy ins...
This article reports and explains four key findings about the difference between the role of insuran...
We develop a theory of insurance claim settlement whose structure embodies an insurer’s capacity dec...
If the legal system operates perfectly in applying the negligence rule, potential injurers always me...
Insurers play a critical role in the civil justice system. By providing liability insurance to parti...
A pervasive problem in the settlement of liability litigation arises because liability insurers bund...
Each year in America, an estimated $200 billion is spent purchasing third-party liability insurance....
One of the most significant decisions during the past year in the field of liability insurance was t...
Law and economics scholars generally view regulation and litigation as substitutes in the task of de...
Claims payment is the primary service purchased by the majority of insurance buyers. How this servic...
There is a prevailing view among jurists and practitioners that a declaratory judgment action is an ...
To what extent does the institution of insurance influence a system of compensation for personal inj...
Empirical findings suggest that extralegal factors, such as geographic location, ethnicity, gender, ...
This Note will demonstrate that the Mahler court\u27s decision will lead to inefficient results, bec...
If the courts never make mistakes, so that there is no uncertainty about the negligence rule, potent...
Insurers may at times exploit the delay inherent in the civil litigation process to induce needy ins...
This article reports and explains four key findings about the difference between the role of insuran...
We develop a theory of insurance claim settlement whose structure embodies an insurer’s capacity dec...
If the legal system operates perfectly in applying the negligence rule, potential injurers always me...