The theory of insurance is considered here when an insured individual may be able to sue another party for the losses … that the insured suffered — and thus when an insured has a potential source of compensation in addition to insurance … coverage. Insurance policies reflect this possibility through so-called subrogation provisions that give insurers the right to …

-bearing and insurance, for the liability system acts as an implicit insurer for accident victims and it imposes risk on potential … much care to exercise (at what speed to travel) to reduce risk when so doing. The second general aspect concerns risk … injurers (because they may have to pay judgments to victims). In this regard, victims' accident insurance and injurers …

covered. The first is legal liability for harm. Here we discuss liability rules as incentives to reduce risk, issues of risk …-bearing and insurance, and the costs of the liability system. Second, we consider property law, where we address the nature and …