The U.S. experience with no-fault automobile insurance : a retrospective /
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| Author / Creator: | Anderson, James M. (James Morley) |
|---|---|
| Imprint: | Santa Monica, CA : RAND, 2010. |
| Description: | xx, 170 p. : ill. ; 23 cm. |
| Language: | English |
| Series: | Rand Corporation monograph series Rand Corporation monograph series |
| Subject: | |
| Format: | Print Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/7942519 |
Table of Contents:
- Preface
- Figures
- Tables
- Summary
- Acknowledgments
- Abbreviations
- Chapter 1. Introduction
- Background
- Research Purpose and Approach
- Organization of This Monograph
- Chapter 2. A Primer on Tort and No-Fault Systems
- Conventional Tort Approaches to Automobile Insurance
- No-Fault Approaches to Automobile Insurance
- Variations on No-Fault and Tort Approaches
- Add-On Coverage
- Choice
- A Typology of Auto-Insurance Regimes
- Conclusion
- Chapter 3. A Brief History of No-Fault
- The Emergence of Fault and No-Fault: 1875-1915
- As Automobile Accidents Increased, Academics Recommended Extending a No-Fault Workers' Compensation Approach to Compensating Victims of Automobile Accidents: 1915-1940
- As Automobile-Accident Costs Continue to Rise, More Studies Call for Variations on a No-Fault Approach to Auto Insurance: 1940-1970
- Massachusetts Becomes the First State to Adopt No-Fault: 1965-1970
- Insurance Industry Divides Over No-Fault
- Rise of No-Fault and Consumer Rights: 1970-1985
- Evaluations of No-Fault Were Generally Positive but Noted Higher-Than-Expected Premium Costs
- The California Experience with No-Fault
- The Attempt to Enact Federal Choice No-Fault: 1998-2003
- The Political Situation Today
- Conclusion
- Chapter 4. The Cost of No-Fault
- Aggregate Cost Trends Among States
- Aggregate Cost Trends Among No-Fault States That Differ in Size and Threshold Type
- Aggregate Cost Trends in States That Repealed No-Fault
- Conclusion
- Chapter 5. Why Have No-Fault Regimes Been More Expensive Than Anticipated?
- Does No-Fault Lead to More Accidents?
- Does No-Fault Lead to Higher Claiming Rates When Accidents Occur?
- Are Costs per Claim Higher for No-Fault?
- Does No-Fault Provide a More Victim-Friendly but More Expensive System?
- Does No-Fault Offer Higher Reimbursement to Victims Than Tort Does?
- Does No-Fault Result in Faster Claim Processing?
- Does No-Fault Create Greater Consumer Satisfaction?
- Did No-Fault Reduce Litigation?
- Does No-Fault Create Greater Incentives for Fraud?
- Threshold Overclaiming
- Claiming for Hard-to-Verify Injuries
- Are Claims for Lost Work Higher Under No-Fault?
- Does No-Fault Provide Different Levels of Reimbursement for Noneconomic Damages?
- Does No-Fault Encourage Greater Claiming of Medical Services?
- How Likely Is a Claimant to Use a Particular Category of Medical Provider?
- How Many Visits to a Medical Provider Is a Victim Likely to Claim?
- Is Medical Cost Inflation Different in No-Fault States?
- Summary of Key Factors Behind Cost Growth
- Chapter 6. Conclusion, Policy Implications, and Future Developments
- Policy Lessons
- Is No-Fault a Failed Policy Experiment?
- How Could No-Fault Be Improved?
- Likely Future Developments and Their Possible Implications
- Pay-as-You-Drive Auto-Insurance Technology
- Autonomous-Vehicle Technology
- Universal Health Insurance
- Conclusion
- Appendix: Required Insurance and Actual Insurance
- Bibliography