Many manufacturers and insurance companies claim that a products liability crisis exists. This is evidenced by soaring products liability insurance rates. They express the fear that as insurance becomes unavailable or prohibitively expensive, useful products will be withheld from the market and some manufacturers may even be forced out of business. Such critics of the tort system are calling for modifications of the common law in order to give greater protection to manufacturers. A more drastic approach, vigorously championed by Professor Jeffrey O'Connell, calls for total or partial abolition of the tort system and substitution with various forms of no-fault insurance. In response, the federal government recently created an Interagency Task Force on Product Liability to study products liability and consider possible remedies to any problems that are found.
David A. Fischer, Products Liability- Functionally Imposed Strict Liability, 32 Okla. L. Rev. 93 (1979)