settlement negotiation. The paper points out that this function of LCI is especially important in cases that have a negative …

than to re-allocate risk. Being insured decreases the cost an insured party has to bear if settlement negotiations fail and … value suits, LCI can make the threat to sue credible and motivate potential defendants to make positive settlement offers …

than to re-allocate risk. Being insured decreases the cost an insured party has to bear if settlement negotiations fail and … value suits, LCI can make the threat to sue credible and motivate potential defendants to make positive settlement offers …