Damages awards ultimately mean lower costs of goods-services

Assignment Help Operation Management

Reference no: EM13991144

Large damages awards in tort litigation have to be paid by someone. If the defendant is insured, then the insurance companies foot the bill. Ultimately, though, high insurance rates are passed on to consumers of goods and services in the United States. Will tort reform that reduces the size and number of damages awards ultimately mean lower costs of goods and services? Will tort reform lead to higher risks associated with services and products?

Reference no: EM13991144

Questions Cloud

Explain in conceptual terms the relationship : Explain in conceptual terms the relationship between dynamic steady state and equilibrium.

Discuss advantages and disadvantages of ethernet technology : Broad-band LAN technology divides the available bandwidth of the cable system into multiple channels using a technique called

The official power to make legal decisions and judgments : It is common knowledge that jurisdiction, the official power to make legal decisions and judgments, is vitally important to the adversarial legal system. Discuss the importance of having either subject matter jurisdiction or personal jurisdiction ove..

Protein peptide bond with alkaline copper sulfate : In which of the following assays for quantification of protein concentration, the colored product is as a result of coordination of protein peptide bond with alkaline copper sulfate

Damages awards ultimately mean lower costs of goods-services : Large damages awards in tort litigation have to be paid by someone. If the defendant is insured, then the insurance companies foot the bill. Ultimately, though, high insurance rates are passed on to consumers of goods and services in the United State..

Explore concepts like defense mechanisms : The case studies are very subjective but can be useful to explore concepts like defense mechanisms. When might this concept be important for clinical use? Use an example of something a patient may present that could lead you to explore the idea of..

What is the order of electromagnetic radiation : What is the order of electromagnetic radiation (from short wavelength to longer)

Find the angle the ladder makes with the floor : From the point of view of a person on the ship, the base of the ladder is 2.20 m from the wall, and the top of the ladder is 6.22 m above the floor. The spaceship moves past the Earth with a speed of 0.90c in a direction parallel to the floor of t..

What does this trend imply for the future of organizations : The United States is experiencing a decline of the middle class. What does this trend imply for the future of organizations such as: (a) the U.S. Public Health Service, which operates many inner-city health clinics for the economically disadvantaged,..

User Account

All Pages