The U.S. Experience with No-Fault Automobile Insurance: A Retrospective
| Author | : | |
| Rating | : | 4.96 (676 Votes) |
| Asin | : | B0046LVDW8 |
| Format Type | : | |
| Number of Pages | : | 353 Pages |
| Publish Date | : | 2017-04-20 |
| Language | : | English |
DESCRIPTION:
No-fault regimes, a formerly popular alternative to the tort compensation system for auto-accident victims, have gradually lost support. No-fault and tort states have also converged across many domains affecting costs, including excess claiming, litigation patterns, and noneconomic-damage payments.. Over time, premiums and claim costs have grown in no-fault states relative to other states, primarily driven by explosive medical cost increases