The U.S. experience with no-fault automobile insurance : a retrospective / James M. Anderson, Paul Heaton, Stephen J. Carroll.

Format:

Book

Author/Creator:

Anderson, James M.

Contributor:

Heaton, Paul.

Carroll, Stephen J., 1940-

Series:

Rand Corporation monograph series The U.S. experience with no-fault automobile insurance

Language:

English

Subjects (All):

No-fault automobile insurance--Law and legislation--United States.

No-fault automobile insurance.

No-fault automobile insurance--United States.

Liability for traffic accidents--United States.

Liability for traffic accidents.

Physical Description:

1 online resource (191 p.)

Edition:

1st ed.

Place of Publication:

Santa Monica, CA : RAND, c2010.

Language Note:

English

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.

Contents:

Cover; Preface; Contents; Figures; Tables; Summary; Acknowledgments; Abbreviations; CHAPTER ONE - Introduction; CHAPTER TWO - A Primer on Tort and No-Fault Systems; CHAPTER THREE - A Brief History of No-Fault; CHAPTER FOUR - The Cost of No-Fault; CHAPTER FIVE - Why Have No-Fault Regimes Been More Expensive Than Anticipated?; CHAPTER SIX - Conclusion, Policy Implications, and Future Developments; APPENDIX - Required Insurance and Actual Insurance; Bibliography

Notes:

Description based upon print version of record.

Includes bibliographical references.

ISBN:

0-8330-4946-1

OCLC:

593295888