No Fault Approaches To Compensating People Injured In Automobile Accidents

Author : Stephen J. Carroll
Publisher : Rand Corporation
ISBN 13 : 9780833011824
Total Pages : 239 pages
Book Rating : 4.20/5 ( download)

DOWNLOAD NOW!

Download or read book No-fault Approaches to Compensating People Injured in Automobile Accidents written by Stephen J. Carroll and published by Rand Corporation. This book was released on 1991 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: Widespread dissatisfaction with the traditional approach to compensating people for auto accident injuries has revived interest in no-fault approaches. This report estimates the effects of a broad range of no-fault plans, compared with the traditional system. The study is primarily based on data from two sources--closed-claim surveys and a household survey--which were combined to construct a representative sample of people injured in auto accidents. The authors use data on what actually happened to people injured in auto accidents in states that have adopted no-fault systems, to develop statistical models. These models relate injuries, losses, and other factors to whether or not the victims received any compensation from auto insurance and, if so, how much, how quickly, and at what transaction costs. The authors then apply these models to samples of people injured in auto accidents in states that retain the traditional compensation system to estimate what would have been their outcomes under a specified no-fault alternative. Finally, they compare the actual outcomes people experienced under the traditional system with their estimated outcomes under various no-fault alternatives. The findings indicate that no-fault can yield substantial savings over the traditional system, or may increase costs substantially, depending on the no-fault plan's provisions. Regardless of plan provisions, all no-fault plans reduce transaction costs, match compensation more closely with economic loss, reduce the amounts paid in compensation for noneconomic loss to less seriously injured people, and speed up compensation.

Author : James M. Anderson
Publisher : Rand Corporation
ISBN 13 : 083304916X
Total Pages : 191 pages
Book Rating : 4.62/5 ( download)

DOWNLOAD NOW!

Download or read book The U.S. Experience with No-fault Automobile Insurance written by James M. Anderson and published by Rand Corporation. This book was released on 2010 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: "No-fault automobile-insurance regimes were the culmination of decades of dissatisfaction with the use of the traditional tort system for compensating victims of automobile accidents. They promised quicker, fairer, less-contentious, and, it was hoped, less-expensive resolution of automobile-accident injuries. This monograph considers how these plans have fared. After reviewing the intellectual and political history of no-fault auto insurance, the monograph concludes that no-fault lost political popularity because of the perception that it did not deliver the promised consumer premium cost reductions. Analysis of data from a variety of sources confirms this view, demonstrating that premiums and claim costs have become substantially larger in no-fault states than in other states over time. These cost increases can be traced to a variety of factors, including growth in excess claiming in no-fault states and convergence between no-fault and tort states in litigation patterns and noneconomic-damage payments. However, the primary driver of no-fault's cost growth has been high medical costs. The extent to which these additional costs represent augmented utilization of medical services rather than cost shifting from the medical insurance system to the automobile insurance system remains unclear." --Back cover.

Author :
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.13/5 ( download)

DOWNLOAD NOW!

Download or read book ""No-fault" Automobile Insurance written by and published by . This book was released on 1978 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : United States. Department of Transportation. Automobile Insurance and Compensation Study
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.87/5 ( download)

DOWNLOAD NOW!

Download or read book Public Attitudes Supplement to the Economic Consequences of Automobile Accident Injuries written by United States. Department of Transportation. Automobile Insurance and Compensation Study and published by . This book was released on 1970 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Estate of Jerry J. Phillips
Publisher : Georgetown University Press
ISBN 13 : 9781589014848
Total Pages : 146 pages
Book Rating : 4.47/5 ( download)

DOWNLOAD NOW!

Download or read book Who Pays for Car Accidents? written by Estate of Jerry J. Phillips and published by Georgetown University Press. This book was released on 2001-12-18 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this new volume, two lawyers debate which kind of automobile insurance is the best, no-fault or tort liability. This book presents in one place all the legal, political, historical, and financial arguments about the two types of auto insurance. Under the fault system currently used by thirty-seven states, tort law provides that the party at fault in the accident pays the full damages of accident victims. Jerry J. Phillips favors this system, arguing that it allows for fair compensation to the injured and deters drivers from dangerous behavior on the road. Stephen Chippendale counters this claim with the argument that tort-law based insurance combines high cost and low benefits, and that those who truly profit from it are the lawyers representing injured clients, while their claims clog up the court system. A better solution, he proposes, would be "Auto Choice," a plan under which consumers would choose whether or not they wished to be eligible for damages from pain and suffering. With civility and respect, these two legal scholars present thoughtful and thorough arguments on both sides of the debate, giving readers a balanced view of an issue that affects nearly every American. It will be of particular value to those in the fields of law, policy, and insurance.

Author : United States. Department of Transportation
Publisher :
ISBN 13 :
Total Pages : 168 pages
Book Rating : 4.10/5 ( download)

DOWNLOAD NOW!

Download or read book Motor Vehicle Crash Losses and Their Compensation in the United States written by United States. Department of Transportation and published by . This book was released on 1971 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : United States. Transportation Department
Publisher :
ISBN 13 :
Total Pages : 164 pages
Book Rating : 4.91/5 ( download)

DOWNLOAD NOW!

Download or read book Motor Vehicle Crash Losses and Their Compensation Inthe United States; a Report to the Congress and the President written by United States. Transportation Department and published by . This book was released on 1971 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Stephen J. Carroll
Publisher :
ISBN 13 :
Total Pages : 12 pages
Book Rating : 4.13/5 ( download)

DOWNLOAD NOW!

Download or read book The Effects of a Proposed No-fault Plan on the Costs of Auto Insurance in California written by Stephen J. Carroll and published by . This book was released on 1996 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : United States. Department of Transportation. Automobile Insurance and Compensation Study
Publisher :
ISBN 13 :
Total Pages : 194 pages
Book Rating : 4.53/5 ( download)

DOWNLOAD NOW!

Download or read book Comparative Studies in Automobile Accident Compensation written by United States. Department of Transportation. Automobile Insurance and Compensation Study and published by . This book was released on 1970 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Jerry J. Phillips
Publisher : Controversies in Public Policy Series
ISBN 13 : 9780878408870
Total Pages : 129 pages
Book Rating : 4.78/5 ( download)

DOWNLOAD NOW!

Download or read book Who Pays for Car Accidents? written by Jerry J. Phillips and published by Controversies in Public Policy Series. This book was released on 2002 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this new volume, two lawyers debate which kind of automobile insurance is the best, no-fault or tort liability. This book presents in one place all the legal, political, historical, and financial arguments about the two types of auto insurance. Under the fault system currently used by thirty-seven states, tort law provides that the party at fault in the accident pays the full damages of accident victims. Jerry J. Phillips favors this system, arguing that it allows for fair compensation to the injured and deters drivers from dangerous behavior on the road. Stephen Chippendale counters this claim with the argument that tort-law based insurance combines high cost and low benefits, and that those who truly profit from it are the lawyers representing injured clients, while their claims clog up the court system. A better solution, he proposes, would be "Auto Choice," a plan under which consumers would choose whether or not they wished to be eligible for damages from pain and suffering. With civility and respect, these two legal scholars present thoughtful and thorough arguments on both sides of the debate, giving readers a balanced view of an issue that affects nearly every American. It will be of particular value to those in the fields of law, policy, and insurance.