Conine's article accurately warns us of the danger posed by the triumvirate of lawyers, judges/juries and insurance companies. As we conclude from this article, capricious law suits, which combine the predatory appetite of lawyers with juries and judges to whom fiscal responsibility is merely an unconfirmed rumor, are generating money judgments fully compatible with the participants' distorted state of grace in the law.
As one would predict, this does not inspire confidence in the board rooms of insurance companies. The result is a volcanic eruption of ever-increasing insurance rates, which sooner or later will precipitate a suffocating economic mud slide.
To many of us in the industrial community, or in the medical or even legal professions, to "shop" for product liability or malpractice coverage is like getting your ears pierced in an archery tournament.
Just two months ago I presented a check to my insurance agent for my company's general and product liability insurance. After examining the check he looked at me as if I had just mushed in from the Yukon.