The Shifting Terrain of Risk and Uncertainty on the Liability Insurance Field

15 Pages Posted: 29 Nov 2017

See all articles by Tom Baker

Tom Baker

University of Pennsylvania Carey Law School

Multiple version iconThere are 2 versions of this paper

Date Written: November 21, 2013

Abstract

[A] high degree of scientific and technical uncertainty permeates the insurance industry — the very business that is charged with transforming uncertainty into risk. Scrutiny of how insurers face their own incapacities reveals that theirs is an uncertain business, and that we live not so much in a risk society as in an uncertain society.

Suggested Citation

Baker, Tom, The Shifting Terrain of Risk and Uncertainty on the Liability Insurance Field (November 21, 2013). Journal of Financial Perspectives, Vol. 1, No. 3, 2013, Available at SSRN: https://ssrn.com/abstract=3077991

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University of Pennsylvania Carey Law School ( email )

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