During 2008 and 2009, the insurance industry experienced unprecedented volatility. The
large swings in insurers' market valuations, and the significant role that financial reporting …

Abstract “Risk and insurance” provides an illustrative set of decisions made in the presence
of uncertainty. As behavioral models become more integrated into economics and finance …

In the 1980s and 1990s many states adopted tort reforms. It has been argued that these
reforms have reduced the practice of defensive medicine arising from excess tort liability. We …

While conducting empirical work, researchers sometimes observe changes in outcomes
before adoption of a new policy. The conventional diagnosis is that treatment is …

A San Francisco jury recently awarded a nine-year-old boy $70.9 million in damages after
finding a hospital and medical clinic negligent for failing to diagnose his metabolic disease …

Using a comprehensive database of closed claims maintained by the Texas Department of
Insurance since 1988, this study provides evidence on a range of issues involving medical …

Based on case studies indicating that apologies from physicians to patients can promote
healing, understanding, and dispute resolution, thirty-nine states (and the District of …

Traditional strategies for medical liability reform have had limited success in controlling
malpractice costs and have not improved health care quality. Future directions will be …

This paper evaluates the impact of six different types of tort reforms on the frequency, size,
and number of total annual settlements in medical malpractice cases between 1991 and …

Physicians' apologies for adverse medical events are acknowledged as a factor in patients'
decisions to litigate. Apology laws which render physicians' apologies inadmissible in court …