How Tort Reform Affects Insurance Markets
作者： M. F. Grace , J. T. Leverty
DOI: 10.1093/JLEO/EWS026
关键词: Law and economics 、 Tort 、 Profitability index 、 Tort reform 、 Public economics 、 Statute 、 Market segmentation 、 Medical malpractice 、 Constitutionality 、 Economics
摘要: The impact of a statute that is currently in effect depends on expectations about its future constitutionality. We investigate the tort reform by segmenting reforms into those are eventually declared unconstitutional (temporary) and unchallenged or upheld (permanent). find permanent lower medical malpractice insurance losses premiums increase insurer profitability. In contrast, effects temporary never statistically significant. Measures combine reforms, norm literature, significantly misestimate reform. Our results suggest examining current law without accounting for treatment produces misleading results. (JEL K13, K4, H7, G22) Author 2012. Published Oxford University Press behalf Yale University. All rights reserved. For Permissions, please email: journals.permissions@oup.com, Press.
oup.com
oxfordjournals.org
sci-hub.se 参考文章(50)
Eric Helland, Jonathan Klick, Tom Baker, Dick Ippolito, Andrew Goldstein, Jeffrey A. Stoops, Tyler Cowen, Rebecca Klick, Daniel Kessler, Michael Krauss, Thomas Stratmann, Does Medical Malpractice Reform Help States Retain Physicians and Does It Matter ,(2006)
Gregory Taylor, Loss Reserving: An Actuarial Perspective ,(2000)
F. Andrew Hanssen, On the politics of judicial selection: Lawyers and state campaigns for the merit plan Public Choice. ,vol. 110, pp. 79- 97 ,(2002) , 10.1023/A:1013007124929
THOMAS J. MICELI, MICHAEL P. STONE, THE DETERMINANTS OF STATE‐LEVEL CAPS ON PUNITIVE DAMAGES: THEORY AND EVIDENCE Contemporary Economic Policy. ,vol. 31, pp. 110- 125 ,(2013) , 10.1111/J.1465-7287.2011.00297.X
George L. Priest, The Current Insurance Crisis and Modern Tort Law Yale Law Journal. ,vol. 96, pp. 1521- ,(1987) , 10.2307/796494
Patricia H. Born, Insurer Profitability in Different Regulatory and Legal Environments Journal of Regulatory Economics. ,vol. 19, pp. 211- 237 ,(2001) , 10.1023/A:1011161805740
J. David Cummins, Mary A. Weiss, Analyzing Firm Performance in the Insurance Industry Using Frontier Efficiency and Productivity Methods Handbook of Insurance. pp. 795- 861 ,(2013) , 10.1007/978-1-4614-0155-1_28
Ronen Avraham, Max M. Schanzenbach, The Impact of Tort Reform on Private Health Insurance Coverage Social Science Research Network. ,(2009) , 10.2139/SSRN.995270
Han-Duck Lee, Mark J. Browne, Joan T. Schmit, How Does Joint and Several Tort Reform Affect the Rate of Tort Filings? Evidence from the State Courts Journal of Risk and Insurance. ,vol. 61, pp. 295- ,(1994) , 10.2307/253712
Mark J. Browne, Joan T. Schmit, Litigation Patterns in Automobile Bodily Injury Claims 1977-1997: Effects of Time and Tort Reforms Journal of Risk and Insurance. ,vol. 75, pp. 83- 100 ,(2008) , 10.1111/J.1539-6975.2007.00249.X