Legislative restrictions on tort liability

Reference no: EM13312939

Various industries have lobbied for legislative restrictions on tort liability. For instance, the nuclear power industry has long been protected by a statue that limits its upper dollar liability in the event of a serious accident that is much lower than the potential losses from such an accident. Also, the industry cannot be held liable into court for radiation releases so long as federal guidelines are not exceeded. Many companies in other industries would like similar protection is it ethical to seek statutory limits on liability? Is it ethical for legislatures to grant such protection? What limits would be acceptable?

Reference no: EM13312939

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