Regulation and Litigation: Complements or Substitutes
This chapter examines state litigation levels and proxies for regulatory activity. It explores the substitution hypothesis and examines the relationship between litigation and regulation as it relates to the insurance industry. Data from the National Association of Insurance Commissioners concerning the regulatory environment in each state is used in the analysis. This chapter argues that regulation and litigation look more like complements: more of one, more of the other.
state litigation, regulatory activity, substitution hypothesis, litigation, regulation, Insurance industry, National Association of Insurance Commissioners, complements
The American Illness: Essays on the Rule of Law
Klick, Jonathan and Helland, Eric, "Regulation and Litigation: Complements or Substitutes" (2013). Book Chapters. 81.