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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

A large increase in class action lawsuits is also a concern In a class action lawsuit, a plaintiff pursues damages from a defendant or a group of defendants on behalf of a group of individuals (the class) who have also been harmed Proponents of class action lawsuits point to the efficiency of filing a single legal action on behalf of many aggrieved parties versus the cost of filing many separate legal actions Opponents question whether the suits really benefit the members of the class as they may receive little or no benefit from the suit