Cover: The Liability Century: Insurance and Tort Law from the Progressive Era to 9/11, from Harvard University PressCover: The Liability Century in HARDCOVER

The Liability Century

Insurance and Tort Law from the Progressive Era to 9/11

Add to Cart

Product Details

HARDCOVER

$58.50 • £46.95 • €52.50

ISBN 9780674027688

Publication Date: 03/31/2008

Short

288 pages

6-1/8 x 9-1/4 inches

World

Kenneth Abraham explores the development and interdependency of the tort liability regime and the insurance system in the United States during the twentieth century and beyond, including the events of September 11, 2001.

From its beginning late in the nineteenth century, the availability of liability insurance led to the creation of new forms of liability, heavily influenced expansion of the liabilities that already existed, and continually promoted increases in the amount of money that was awarded in tort suits. A “liability-and-insurance spiral” emerged, in which the availability of liability insurance encouraged the imposition of more liability, and, in turn, the imposition of liability encouraged the further spread of insurance.

Liability insurance was not merely a source of funding for ever-greater amounts of tort liability. Liability insurers came to dominate tort litigation. They defended lawsuits against their policyholders, and they decided which cases to settle, fight, or appeal. The very idea behind insurance—that spreading losses among large numbers of policyholders is desirable—came to influence the ideology of tort law. To serve the aim of loss spreading, liability had to expand.

Today the tort liability and insurance systems constantly interact, and to reform one the role of the other must be fully understood.

Recent News

From Our Blog

Jacket: Our Universe: An Astronomer’s Guide, by Jo Dunkley, from Harvard University Press

Q&A with Jo Dunkley, author of Our Universe: An Astronomer’s Guide

Jo Dunkley combines her expertise as an astrophysicist with her talents as a teacher and writer in Our Universe: An Astronomer’s Guide, a lively and exceptionally clear introduction to the structure and history of the universe and its enduring mysteries. We spoke with her about the book and her seemingly limitless topic.

‘manifold glories of classical Greek and Latin’

The digital Loeb Classical Library (loebclassics.com) extends the founding mission of James Loeb with an interconnected, fully searchable, perpetually growing virtual library of all that is important in Greek and Latin literature.