This paper looks at the limitations of quantitative models for evaluating risks in the liability insurance business … whether liability insurance premiums in the U.S. market have grown at a much higher rate than, say, property insurance … percentage since the 1960s. The reason that many commentators believe that liability insurance premiums have increased …

Reasons for the joint use of ex ante regulation and ex post liability to cope with environmental accidents have been a … general trend toward a clear division of labour between regulation and liability: when both are jointly used, liability …. An unexpected effect of liability is observed: judges are more severe with the most regulated firms and public agents …

uncertainty problems in liability. A widely held view among Law & Economics scholars is that civil liability alone is not well … civil liability rule, it is therefore advocated that a regulatory system be implemented combined with a public insurance … scheme, or, alternatively, to go for a mix of regulation and civil liability. Such a mix of regulation and civil liability …

's proportionate contribution to the externality. In this situation a strict liability law leads to short and long run efficiency only …