Tuesday, September 23, 2008
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.