Liability insurance crisis
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The liability insurance crisis in the United States of America refers to a volatile economic period during the mid-1980s. During these years, until about 1990, rising insurance premiums and an unavailability of coverage for several types of liability led to a crisis that has been attributed, among others, to the expansion of tort doctrines for insurer liability and the McCarran-Ferguson exemption from antitrust laws.
[edit] External links
- Percy, Checking up on the Medical Malpractice Liability Insurance Crisis, 73 Miss. L.J. 1001
- Siegelman, Adverse Selection in Insurance Markets: An Exaggerated Threat
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