Famous quote by Thomas Sowell

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Actually lowering the cost of insurance would be accomplished by such things as making it harder for lawyers to win friv
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"Actually lowering the cost of insurance would be accomplished by such things as making it harder for lawyers to win frivolous lawsuits against insurance companies"

- Thomas Sowell

About this Quote

This quote by Thomas Sowell recommends that minimizing the cost of insurance coverage could be accomplished by restricting the capability of attorneys to win pointless lawsuits against insurance provider. This implies that the existing expense of insurance coverage is being driven up by lawyers taking advantage of the system and winning settlements that are not warranted. By making it harder for attorneys to win these kinds of claims, the cost of insurance coverage could be reduced. This might be done by presenting stricter policies on the types of cases that can be brought against insurance provider, or by increasing the concern of evidence required to win a case. Eventually, this might cause lower insurance expenses for customers.

About the Author

USA Flag This quote is written / told by Thomas Sowell somewhere between July 30, 1930 and today. He/she was a famous Economist from USA. The author also have 47 other quotes.

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