Saturday, December 8, 2007
The Insurance Journal has an interesting article that features two claims I have not yet heard regarding the Texas reforms. First, the number of cases has decreased to the point that judges are trying cases that otherwise would have gone to mediation. Second, businesses are becoming so unconcerned about liability that they are self-insuring. The evidence is anecdotal, so I'm curious to see if there will be more formal follow-up studies. And, of course, there's always the normative question: is this a good thing?