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the american legal system is out of control, rising liability costs place a crippling burden on american businesses and have strained the ability of insurers to meet demand for liability coverages, legislative tort reform, both at the state and All 50 States Insurance federal levels and rigorous risk management are needed, the insurance information institute, aig and the u,s, chamber of commerce have jointly developed the attached white paper: tort excess 2005 - the necessity.
For reform from a policy, All 50 States Insurance legal and risk management perspective, the paper is broken into three parts: 1, survey of the litigation environment 2, the impact of tort abuse (on the businesses, consumers, the economy, insurance buyers and the insurance industry) All 50 States Insurance 3, suggested reforms and risk management techniques (i,e,, specific changes in federal law that would cut down on abuse.
As well as recommendations for businesses as to how they can create All 50 States Insurance an effective insurance program that will protect them against enormous and unpredictable liability losses).
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