Jay Feinman, a Rutgers-Camden law professor is one of the clearest thinkers on the law of torts. Here he opines on the changes in the insurance business that threaten its role in providing economic security. "The economics of insurance creates this potential for opportunism. Every dollar a company does not pay out in claims is a dollar it keeps in profit. Outright denials, reduction of the amounts paid, and using litigation to diminish and deter claims potentially provides a greater benefit to a company than it loses in disappointed customers and a negative reputational effect....TortsProf Blog: Guest Blogger Jay Feinman: "Tort Law and the New Economics of Insurance"
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