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

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Description


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: 9780833049162
ISBN-10: 083304916X
Publisher: RAND Corporation
Publication Date: February 15th, 2010
Pages: 170
Language: English