Why has the liability insurance industry grown in recent years?

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One response has been the growth of the liability insurance industry, offering such coverage as physicians' malpractice insurance. An area that has been the focus of much litigation, legislation, and debate in recent decades is product liability, under which heavy strict liability costs have been imposed on makers of such varied items as foods, drugs, cosmetics, and automobiles.

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Similar questions: Has the extension of strict liability rules to products been controversial? What is product liability? [ Hide these questions ]

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