The U.S. Experience with No-Fault Automobile Insurance
A Retrospective
Nonfiction, Reference & Language, Law, Insurance, Business & Finance, Industries & Professions
| Author: | James M. Anderson, Paul Heaton, Stephen J. Carroll | ISBN: | 9780833049469 |
| Publisher: | RAND Corporation | Publication: | February 15, 2010 |
| Imprint: | RAND Corporation | Language: | English |
| Author: | James M. Anderson, Paul Heaton, Stephen J. Carroll |
| ISBN: | 9780833049469 |
| Publisher: | RAND Corporation |
| Publication: | February 15, 2010 |
| Imprint: | RAND Corporation |
| Language: | English |
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.
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.
