Originally Posted by
Scion
It is critically important to have insurance as otherwise this could have been a financial disaster
It is arguable that the mere presence of such insurance policies encourages such lawyerly activity, since lawyers can be greedy, but are rarely stupid when it comes to the possibility of lack of reward. Of course, rolling over easily by insurance companies only further encourages this too, but the insurance co.s can pass these elevated costs that this brings on to their customers, at least in the short term. Insurance industry moral hazard, I guess...