The U.S. Experience with No-Fault Automobile Insurance: A Retrospective by James M. Anderson, Paul Heaton, Stephen J. Carroll pdf epub fb2

Title: The U.S. Experience with No-Fault Automobile Insurance: A Retrospective
ISBN: 083304916X
ISBN13: 978-0833049162
Other Formats: lrf doc mobi lit
Pages: 190 pages
Publisher: RAND Corporation (February 15, 2010)
Language: English
Category: Business & Money
Size PDF version: 1571 kb
Size EPUB version: 1519 kb
Subcategory: Insurance
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Nofault regimes, a formerly popular alternative to the tort compensation system for autoaccident victims, have gradually lost support. Over time, premiums and claim costs have grown in nofault states relative to other states, primarily driven by explosive medical cost increases. Nofault and tort states have also converged across many domains affecting costs, including excess claiming, litigation patterns, and noneconomicdamage payments.