Economics, Econometrics and Finance
8 years ago

Judges influenced by liability insurance in determining tort trial outcomes.

Journal of Beijing University of Technology
The Impact of Liability Insurance on the Judicial Opinions of Tort Trials
Fan Yang

Paper Summary

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Liability insurance is becoming more common in tort trials, where people sue for damages caused by someone else's actions. Judges are taking into account whether the person being sued has insurance when deciding how much they should pay. This understanding is important for improving the legal system and insurance industry.