When many parties are causally near an accident, liability law today encourages suing the deep pockets nearby, inducing too much care by deep pockets, & too little by others. Requiring all to have tort liability insurance can solve this. But law&econ my students hate this idea.
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i take it back, good point lol. in all honesty i think rampant lawsuits are too commonplace to be considered justified in a lot of circumstances, and in my opinion things are better served by changing legislation at that level rather than making the insurance mandatory.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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