Holding people responsible
Posted Sep 6, 2007 17:24 UTC (Thu) by smoogen
In reply to: Holding people responsible
Parent article: Software liability laws: a dangerous solution
The insurance companies hold people responsible by setting premium rates, refusing to insure, and setting out rules for what a company must follow to get coverage. They also have a mile-long list of things that they will say they will not pay on to avoid bankruptcy. And finally they will file suit against other 'agencies' via liability loaws to reclaim monetary losses.
The big issue is that the major insurance companies will not get into the business of insuring against software problems until there is liability laws. And there will probably not be liability laws until insurance companies get into the market.
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