one of the evolutions in tort law is the colectivisation of civil liability. in the past, civil liability was collective and the effects of the person guilty haven imposed on the all members of family. then with developing of civilizations and with appearance of principle of personal liability, the collective liability has been changed to personal liability. but nowadays according to the opinio...

In order to apply asset-liabilitymanagement techniques to property-liability insurers, the sensitivity of liabilities to interest rate changes, or duration, must be calculated. The current approach is to use the Macaulay or modified duration calculations, both of which presume that the cash flows are invariant with respect to interest rate changes. Based on the structure of liabilities for prop...

In the traditional model of the law and economics of torts, harm accrues proportional to use. This has the remarkable implication for products-generated torts that product performance concerns (e.g., issues of care and of liability for harm) can be considered independently of market performance concerns (e.g., market structure and competition). Moreover, the classical analysis finds that all li...