
GOALS OF
TORT
CONTROL
ID OF
TORT
BASIC
DEFINITIONS
LEGAL
ANALYSIS
MODELING
ID OF
TORT
FACTORS
MONITORING
LINE AND STAFF EXPERTS
SENIOR MANAGEMENT
INPUT
REPORTING
Tort is technical and operational risk of insurers 279
13.4 Compensation for claims: a case study with asbestos
Both mega-risks of the 9/11 variety and a concentration of claims amplified by class
actions, which are followed by very liberal settlements, have turned the classical way
of calculating insurance premiums on its head. In spite of all the talk about
globalization, old formulas need to be rigorously revised. How deep this revision
should be depends to a significant extent on the jurisdiction under ...