The Demise of the Grand Bargain

Compensation for Injured Workers in the 21st Century Workers’ compensation systems arose as one of the great political compromises of the Progressive Era: workers injured on the job gave up the right to sue their employers for personal injury damages in return for less generous but more certain benefits.  This exchange became known as The… continue reading

The American Law Institute’s Restatement of the Law of Liability Insurance

The American Law Institute’s “Restatement of the Law of Liability Insurance” aimed, as former Director Lance Liebman said, to seek “the efficient and fair rules that should govern the insurer/insured relationship.” The project sparked spirited debate, and this conference assessed the work midstream, with the aim of reflecting on and influencing the project going forward…. continue reading

Fragmented Risk

Fundamental to an understanding of the legal, economic and practical dimensions of liability and insurance is an understanding of how and why insurers fragment risk. This conference on Fragmented Risk sponsored by the Rutgers Center of Risk and Responsibility on March 1, 2013, engaged academics, industry professionals, lawyers, and regulators in discussion of fragmenting risk… continue reading

Bad Faith and Beyond: A Conference on the Law of Claims Practices

The ultimate test of an insurance policy comes when a claim is filed. An effective and fair process for investigating, evaluating, paying, and defending claims is at the core of the relationship between an insurer and a policyholder. This conference sponsored by the Rutgers Center for Risk and Responsibility on February 29, 2012, brought together legal… continue reading