Ronen Avraham
Volume 19
Issue 1
PUBLISHED
Fall 2012
Abstract
This article presents a law and economics perspective on insurance law as a whole, offering both an overview of major topics in the field and a discussion of the central themes in the economic analysis of insurance law and its leading cases. It also introduces a theoretical framework—the two islands functional approach—that can help resolve persistent puzzles in insurance law. Ultimately, this paper aims to assist insurance law judges, lawyers, students, and legislatures in correctly conceptualizing and addressing the legal problems that arise in courts and in insurance practice.