The U.S. experience with no-fault automobile insurance : a retrospective / / James M. Anderson, Paul Heaton, Stephen J. Carroll.
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...
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| Year of Publication: | 2010 |
| Edition: | 1st ed. |
| Language: | English |
| Series: | Rand Corporation monograph series The U.S. experience with no-fault automobile insurance
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| Physical Description: | 1 online resource (191 p.) |
| Notes: | Description based upon print version of record. |
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| Summary: | 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. |
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| Bibliography: | Includes bibliographical references. |
| ISBN: | 0833049461 |
| Hierarchical level: | Monograph |
| Statement of Responsibility: | James M. Anderson, Paul Heaton, Stephen J. Carroll. |