The insurance crisis of the mid-1980s produced a number of legal and public policy reactions. Although many of the immediate symptoms of that crisis have disappeared, a number of its underlying causes remain. This article analyzes the continuing effect of these factors on the insurance markets, and predicts the occurrence of a milder crisis during the mid-1990s.

Kenneth S. Abraham, The Once and Future Crisis, 4 Journal of Risk and Uncertainty 353–371 (1991).
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