The U.S. Experience with No-Fault Automobile Insurance A Retrospective
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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| Format: | Electronic Book Chapter |
| Language: | English |
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RAND Corporation
2010
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| 100 | 1 | |a Anderson, James M. |4 auth | |
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| 245 | 1 | 0 | |a The U.S. Experience with No-Fault Automobile Insurance |b A Retrospective |
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| 520 | |a 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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