January 06, 2005

Why is an Alabama Trial Lawyers Association blog arguing that record profits by property insurers is evidence that liability reform isn't needed for class actions, asbestos, and medical malpractice? I suppose they expect property insurers are supposed to subsidize the completely different medical malpractice mutual insurers out of the goodness of their hearts. And never mind that the profitability of property insurers is measured over timeframes much longer than a single year.