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Print articleThe Cost of Compliance: Can a “Sue and Labor” Clause Offset the Price of Enhanced Government Regulation?
August, 2015 - Micah E. Skidmore
This is the age of government regulation. Businesses pay millions of dollars each year to comply with ever-increasing regulatory requirements intended to avoid catastrophic loss to persons and property. While corporate America underwrites the lion’s share of the cost associated with enhanced safety, the benefits are realized primarily by consumers, politicians and insurers. Yes, insurers. A dollar spent on preventing loss is a dollar saved by insurance companies.To read the full alert, click here.
