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The Law and Economics of Insurance Law - A Primer

Connecticut Insurance Law Journal, Forthcoming

U of Texas Law, Law and Econ Research Paper No. 224

73 Pages Posted: 26 Apr 2011 Last revised: 3 May 2012

Ronen Avraham

University of Texas at Austin - School of Law

Date Written: November 25, 2011

Abstract

This article presents the first law and economics perspective on the topic of insurance law as a whole. In doing so it provides both an overview of insurance law as well as a discussion on the major themes of the economic analysis of insurance law and its leading cases. The paper also presents a theoretical framework — the two islands functional approach — that can help solve insurance law puzzles. Ultimately, this paper could help any insurance law judge, lawyer, or student as well as any legislature to correctly conceptualize and solve the legal problems facing courts and insurance lawyers alike.

Keywords: insurance law, economic analysis, adverse selection, moral hazard

Suggested Citation

Avraham, Ronen, The Law and Economics of Insurance Law - A Primer (November 25, 2011). Connecticut Insurance Law Journal, Forthcoming; U of Texas Law, Law and Econ Research Paper No. 224. Available at SSRN: https://ssrn.com/abstract=1822330 or http://dx.doi.org/10.2139/ssrn.1822330

Ronen Avraham (Contact Author)

University of Texas at Austin - School of Law ( email )

727 East Dean Keeton Street
Austin, TX 78705
United States
(512) 232-1357 (Phone)

HOME PAGE: http://www.utexas.edu/law/faculty/profile.php?id=ra22397

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