The U.S. Senate has announced that it will be debating new legislation to reform America’s medical malpractice law in early May. Is the Senate likely to pass useful reforms? What types of reform should they consider? What is the appropriate role of the federal government in addressing the issue and...

Is the real problem with America’s medical liability system too much medical malpractice rather than too much litigation? Are recent rises in medical malpractice insurance premiums caused by economic cycles instead of increasing claims? Should the system be compensating more people? In his...

A recent paper by professors Paul H. Rubin and Joanna M. Shepherd of Emory University School of Law provides striking and counterintuitive evidence that tort reforms at the state level contribute to a decrease in accidental deaths. Rubin and Shepherd found that reforms such as capping noneconomic damages, requiring a...

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Do doctors really flee certain states, avoid high-risk specialties such as neurosurgery and obstetrics, or even forgo practicing medicine as a result of ever-growing liability concerns? Can liability reforms prevent an exodus? Empirical answers to these questions are...

The fat years of the housing bubble lasted from 1999 to 2006 - seven years. The bubble was deflating by the beginning of 2007 and collapsed into the panics of 2007-09. Since then we have been struggling in its deflated wake. If we get the Biblical sum of seven lean years, the housing and related debt markets will bottom in 2013 - not a bad forecast. 

Claims of a medical malpractice crisis stem in large part from recent increases in malpractice insurance rates, with premiums for some individual doctors set in the hundreds of thousands of dollars a year. Most doctors, actuaries, and insurance officials attribute these costs to the lack of caps on liability awards....

The Fairness in Asbestos Injury Recovery (FAIR) Act, S. 852, would establish a $140 billion trust fund to compensate victims of asbestos-related diseases, taking most cases out of the litigation system. Would the establishment of this trust fund solve the threat of unbounded liability for companies that used asbestos, or...

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In July 2002, as a reaction to various corporate scandals, Congress passed the Public Company Accounting Reform and Investor Protection Act of 2002, commonly known as the Sarbanes-Oxley Act. In signing the act, President Bush proudly declared that...