September 23, 2008
Study Find Tort Reform Lowers Insurance Premiums
A recent study by Martin F. Grace, the James S. Kemper Professor of Risk Management at Georgia State, and Assistant Professor Ty Leverty (University of Iowa Tippie College of Business) has concluded that insurance premiums are related to the likelihood that tort reform will survive judicial review. As the Iowa Press-Citizen reports, Grace and Leverty conclude that "insurance companies do lower their premiums, depending on the circumstances of the law. The decision ... turns on the likelihood of each law surviving a legal challenge because tort reform laws have a checkered history in the courts."
A copy of the Grace-Leverty study is available here.
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» Grace & Leverty on tort reform and insurance rates, cont'd from PointOfLaw Forum
Back in May we reported on work (PDF) by Martin Grace (Georgia State) and Tyler Leverty (University of Iowa) finding a positive association between legislative limits on liability and lower insurance rates -- seemingly an obvious if not redundant findi... [Read More]
Tracked on Sep 24, 2008 8:16:18 PM