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Place, Power, and Medical Liability Insurance in the United States

Bibliographic Data

ID4140474
AuthorsIain Hay (0000-0001-6305-061X, Flinders University, corresponding author)
Year1992
Volume24
Issue5
Pages645-661
Publication date1992-05-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueEnvironment and Planning A Economy and Space (JOURNAL)
Journal identifiersISSN: 0308-518X • E-ISSN: 1472-3409
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1068/a240645
OpenAlexW1975682846
LanguageEN
Citations received3
References cited12

Following the Western world's economic 'crisis' of the early 1970s and the related medical liability insurance calamity in the United States, new spatial and organizational arrangements emerged in the US medical malpractice insurance market. Reorganization gave a major London-based reinsurer-Lloyd's-a great deal of potential influence over the politically powerful US medical profession. At the same time as the prospects of control over medicine and law were being concentrated in London, Lloyd's was confronting immense financial difficulties arising from asbestos-related liability claims in the United States. Through the political influence derived from their economic connection with US physicians and malpractice insurers, Lloyd's seems to have been able to encourage US tort law reforms which minimize its profit-seeking underwriting members' exposure to asbestos-related and medical liability-related claims

Actuarial science · Business · Casualty insurance · Economics · General insurance · Insurance law · Insurance policy · Law and economics · Liability · Liability insurance · Malpractice · Medical malpractice · Political science · Tort · Tort reform · Underwriting · Healthcare cost, quality, practices · Law · Medical Malpractice and Liability Issues · Occupational and Professional Licensing Regulation

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Unique citing works3
Citations per year0,09
Citation span1992 - 2014 (23)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 3

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