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The U.S. Experience with No-Fault Automobile Insurance: A Retrospective
     

The U.S. Experience with No-Fault Automobile Insurance: A Retrospective

by James M. Anderson
 

No-fault regimes, a formerly popular alternative to the tort compensation system for auto-accident victims, have gradually lost support. Over time, premiums and claim costs have grown in no-fault states relative to other states, primarily driven by explosive medical cost increases. No-fault and tort states have also converged across many domains affecting costs,

Overview

No-fault regimes, a formerly popular alternative to the tort compensation system for auto-accident victims, have gradually lost support. Over time, premiums and claim costs have grown in no-fault states relative to other states, primarily driven by explosive medical cost increases. No-fault and tort states have also converged across many domains affecting costs, including excess claiming, litigation patterns, and noneconomic-damage payments.

Product Details

ISBN-13:
9780833049162
Publisher:
RAND Corporation
Publication date:
04/16/2010
Pages:
190
Product dimensions:
5.90(w) x 8.90(h) x 0.50(d)

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