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The U.S. Experience with No-Fault Automobile Insurance - A Retrospective (Paperback)
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The U.S. Experience with No-Fault Automobile Insurance - A Retrospective (Paperback)
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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.
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