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Product Liability: Insurance Rate Levels and Claim Payments During the 1970s and 1980s

HRD-91-108 Published: Sep 16, 1991. Publicly Released: Sep 16, 1991.
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Highlights

Pursuant to a congressional request, GAO reviewed the possible effects of product liability costs and policies on the competitiveness of U.S. businesses, focusing on: (1) shifts in product liability insurance rates; (2) payments made on claims against product liability insurance policies; and (3) the extent to which securities analysts considered product liability in evaluating various publicly traded firms' investment potential.

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Topics

Business Regulation and Consumer Protection
Brokerage industryComparative analysisCorporationsFinancial analysisInsurance claimsInsurance companiesInsurance cost controlInsurance premiumsLiability insuranceProduct liability