Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4. Large damages awards in tort litigation have to be paid by someone. If the defendant is insured, then the insurance companies foot the bill.

image text in transcribed
4. Large damages awards in tort litigation have to be paid by someone. If the defendant is insured, then the insurance companies foot the bill. Ultimately, though, high insurance rates are passed on to consumers of goods and services in the United States. Will tort reform that reduces the size and number of damages awards ultimately mean lower costs of goods and services? Will tort reform lead to higher risks associated with services and products

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Tort Law

Authors: Kirsty Horsey, Erika Rackley

7th Edition

019886776X, 978-0198867760

More Books

Students also viewed these Law questions

Question

Briefly explain at least five different ways of assessing truth.

Answered: 1 week ago