Research Handbook on the Economics of Insurance Law
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Research Handbook on the Economics of Insurance Law

Edited by Daniel Schwarcz and Peter Siegelman

Insurance law and insurance economics each have long and distinguished scholarly histories, but participants in the two disciplines have not always communicated well across academic silos. The Handbook encourages more policy-relevant insurance economics scholarship and more economically sophisticated legal scholarship by bringing together original contributions from leading scholars in insurance law and insurance economics on a range of issues involving insurance law and regulation.
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Chapter 14: The artificial collective-action problem in lawsuits against insured defendants

Richard Squire

Extract

14. The artificial collective-­action problem in lawsuits against insured defendants Richard Squire* 24 I. INTRODUCTION Liability insurance complicates efforts to settle lawsuits. It introduces a conflict of interests whenever the trial outcome is...

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