In some recent works, negligence-based liability has been severely criticized. It has been argued that negligence-based liability does not form a convincing basis for liability assignment. Causation-based liability has been proposed as an alternative basis of liability determination. Parisi and...

In this paper we discuss a new tort liability rule, which we call super-symmetric comparative negligence and vigilance. When both injurer and victim in an accident are negligent, it provides for liability shares that depend on the degrees of negligence of the two parties, similar to the standard...

The pricing of a series of products that combine insurance with investments, known as variable annuities, is considered. Given that there is a single premium instalment, then the death benefit at the time of death is equal to the maximum between the fund value and the sum assured. We have...