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

Front Cover
Rand Corporation, Feb 15, 2010 - Business & Economics - 190 pages
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.
 

What people are saying - Write a review

We haven't found any reviews in the usual places.

Contents

CHAPTER ONE Introduction
1
CHAPTER TWO A Primer on Tort and NoFault Systems
7
CHAPTER THREE A Brief History of NoFault
19
CHAPTER FOUR The Cost of NoFault
63
CHAPTER FIVE Why Have NoFault Regimes Been More Expensive Than Anticipated?
77
CHAPTER SIX Conclusion Policy Implications and Future Developments
135
APPENDIX Required Insurance and Actual Insurance
145
Bibliography
151
Copyright

Other editions - View all

Common terms and phrases

About the author (2010)

James M. Anderson has lived and worked in Spain and has done considerable research on ancient Hispanic languages and cultures. He has also conducted numerous in-depth tours of the Iberian Peninsula.

Bibliographic information