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Insurance & Risk Management
16. Chapter 19: The Liability Risk/Current Tort Liability Problems
16. Chapter 19: The Liability Risk Illustration
Syllabus Slides

Current Tort Liability Problems

01.Core Concepts

Several factors help explain the substantial increase in tort costs over time, including: Juries and judges desensitized to the value of the dollar when damages are awarded Aggressive and creative litigation strategies Rising medical costs Abuses in class action lawsuits States striking down portions of tort reform An increase in lawsuits against company officials Deep pocket syndrome Exploitation of high-verdict cases by the media