I believe putting the focus on firms' own liability goes to the heart of the problem.
New York is one of eight states that place no cap on liability.
President Bush's call for limits on medical liability is welcome.
Other officials say an arbitrary limit on liability makes little sense.
Thus, both federal and state law may impose limitations on liability.
Today, consumers can only assert their rights after the event, through the rules on liability.
Except for the cap on liability, the industry would be given no protection from lawsuits.
The Act, however, has no effect on civil liability.
The accounting firms have been asking for limits on their legal liability.
The administration also considered and ultimately rejected a proposal to set a cap on the industry's liability.