@article{ref1,
title="Insurance and catastrophes: The changing role of the liability system",
journal="Geneva papers on risk and insurance theory",
year="1995",
author="Viscusi, W. Kip",
volume="20",
number="2",
pages="177-184",
abstract="Insurance catastrophes are increasingly the result of actions by human beings rather than nature. Chief among these insurance changes has been the surge in tort liability insurance costs. Unfortunately, the courts have misunderstood the mechanisms for transmitting these costs throughout the economy. A principal deficiency is that the structure of liability has been inconsistent with the courts' assumption that the losses could be borne by consumers or parties other than the insurer.<p />",
language="",
issn="0926-4957",
doi="",
url="http://dx.doi.org/"
}