This document presents the texts of four Congressional hearings held in September of 1985 and February and March of 1986 to investigate the effects and the causes of the critical shortage of liability insurance in the United States. The first hearing examines the dimensions of the problem and offers insights into why objectives of having an insurable society are not currently being met for many people. The second hearing calls on representatives of businesses and of cities, towns, and school boards nationwide, many of whom have been affected by the crisis of insurance cancellations and rate increases. Also testifying are representatives of insurance agent organizations who discuss the insurance industry and difficulties faced by clients. The third hearing concentrates mainly on the perspectives of the states in their current responsibilities for regulating insurance. Witnesses at the state level provide information about the current regulatory system. The final hearing calls on witnesses who discuss areas in which the need for improved risk abatement is particularly acute, including the trucking industry. A total of 35 witnesses provide testimony at the four hearings. Materials submitted for the record are included. (NB)