The American Consumer Pays Dearly for the Liability Insurance Crisis

Publication Date: June 1986

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Milton R. Copulos

Research Area: Law and ethics

Keywords: Legal issues

Type: Report

Abstract:

Reform of the liability laws is long overdue. But there is considerable opposition to sensible change. This opposition is largely motivated by plaintiffs' attorneys, who benefit enormously from the current circumstances, and self-styled consumerists, who seem less interested in helping consumers than in spurring litigation to injure corporations and to force greater regulation on the economy. Neither group is truly concerned with the interests of the average citizen. True consumer advocates support those tort law reforms that will bring down the price of goods and services and will save jobs while still safeguarding the consumer from negligence.