Huber P
Manhattan Institute for Policy Research, New York, NY 10012.
Science. 1987 Oct 2;238(4823):31-6. doi: 10.1126/science.3659901.
Prices for some lines of liability insurance have increased sharply in recent years, even while the real amount of coverage provided has declined. What accounts for these changes? The large financial inertia inherent in the insurance business, forecasting errors repeated across the industry, and herd-like reactions among many insurers have made the market adjustments exceptionally abrupt. But the most likely underlying cause for the current crisis in liability insurance is the inexorable expansion in liability law.
近年来，一些责任保险险种的价格大幅上涨，即便实际提供的保险金额有所下降。这些变化的原因是什么呢？保险业务中固有的巨大金融惯性、全行业反复出现的预测失误以及众多保险公司的从众反应，使得市场调整异常突然。但责任保险当前危机最可能的根本原因是责任法的不断扩张。
