Economics

Suppose your neighbor's healthy tree falls down during an unusually severe windstorm and destroys your garage. Such occurrence might be labeled as an act of God. What is the economics interpretation of Acts of God? What does it mean in terms of optimal prevention costs? Would the behavior of either party (assuming there are only two parties) be different whether we are under a regime of no liability, strict liability, or negligence liability? To answer your question, you must remember what is the goal of tort law in general