Arbeitspapier
Legal Cost Insurance as a Strategic Device
Legal Cost Insurance (LCI) is not only a device to reallocate risk, but also to enhance an insured's position in a settlement negotiation. The paper points out that this function of LCI is especially important in cases that have a negative expected value for potential plaintiffs. Hence LCI is of interest even for risk-neutral customers.
- Language
-
Englisch
- Bibliographic citation
-
Series: CSLE Discussion Paper ; No. 97-11
- Classification
-
Wirtschaft
Litigation Process
Insurance; Insurance Companies; Actuarial Studies
- Subject
-
Legal Cost Insurance
Bargaining
Settlement
- Event
-
Geistige Schöpfung
- (who)
-
Kirstein, Roland
- Event
-
Veröffentlichung
- (who)
-
Universität des Saarlandes, Center for the Study of Law and Economics (CSLE)
- (where)
-
Saarbrücken
- (when)
-
1997
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Kirstein, Roland
- Universität des Saarlandes, Center for the Study of Law and Economics (CSLE)
Time of origin
- 1997
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