Tort reform and insurance markets

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      <subfield code="a">Tort reform and insurance markets</subfield>
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      <subfield code="a">Proposed tort reforms have focused on punitive damages and noneconomic damages, each of which pose problems for jury decision making. The U.S. Supreme Court decision in State Farm v. Campbell will greatly limit very large punitive damages awards, and wiil affect smaller punitive awards to a lesser degree. Noneconomic damages caps enacted by state legislatures have greatly enhanced insurance market performance. Insurers operate within the context of a highly imperfect, regulated market in which this substantial price rigidity induced by regulation. Reform efforts should strive to stablish greater predictability and stability in these awards components rather than simply being concerned with imposing specific numerical caps</subfield>
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      <subfield code="a">Mercado de seguros</subfield>
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      <subfield code="0">MAPA20080627638</subfield>
      <subfield code="a">Seguro de responsabilidad civil</subfield>
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      <subfield code="0">MAPA20080584634</subfield>
      <subfield code="a">Derecho de seguros</subfield>
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      <subfield code="a">Risk management and insurance review</subfield>
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      <subfield code="t">Risk management and insurance review</subfield>
      <subfield code="d">New York : The American Risk and Insurance Association</subfield>
      <subfield code="g">Vol. 7, nº 1 Spring 2004 ; p. 9-24</subfield>
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