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Deep pocket syndrome

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A situation where claims are made based on the ability of the defendant to pay rather than on share of blame. An injured party will try to blame the party with the greatest wealth (i.e. deepest pocket) where there is more than one potential defendant.

Entries from The Actuarial Profession's Glossaries has been produced by the Profession and is reproduced with the Profession's permission. The Actuarial Profession does not accept liability for the complete accuracy of the original material, given that it was prepared for educational purposes only.

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