The authors used a comprehensive database of insured closed claims maintained by the Texas Department of Insurance since 1988. The data presented a picture of stability in most respects and only moderate change in others. Their research also revealed a weak connection between claims-related costs and short-to-medium fluctuations in insurance premiums. "Our hope is that better understanding of the claims process will lead to reforms that address real shortcomings in the malpractice litigation and claims payment systems, rather than respond to anecdotes or the rhetoric of crisis" the authors Bernard Black, Charles Silver, David A. Hyman and William M. Sage conclude.
This study is published in the July issue of Journal of Empirical Legal Studies. MEDIA wishing to receive a PDF of this article please contact firstname.lastname@example.org
The Journal of Empirical Legal Studies (JELS) is a peer-edited, peer-refereed, interdisciplinary journal that publishes high-quality, empirically-oriented articles of interest to scholars in a diverse range of law and law-related fields, including civil justice, corporate law, criminal justice, domestic relations, economics, finance, health care, political science, psychology, public policy, securities regulation, and sociology.
Bernard S. Black practiced corporate and securities law at Skadden, Arps, Slate, Meagher & Flo
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