September 25, 2008

Back in May we reported on work (PDF) by Martin Grace (Georgia State) and Tyler Leverty (University of Iowa) finding a positive association between legislative limits on liability and lower insurance rates -- seemingly an obvious if not redundant finding, but one that some advocates have resisted with strange pertinacity. Grace and Leverty also offer particular attention to a point often overlooked, which is that the full rate-lowering benefits are unlikely to emerge until it becomes clear that a given round of reforms will survive scrutiny by often-unsympathetic judges. Now the paper is getting another round of publicity: Iowa Press-Citizen, Legal NewsLine, and TortsProf.