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result(s) for
"Morley, Stephen, author"
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The U.S. Experience with No-Fault Automobile Insurance
by
Carroll, Stephen J
,
Anderson, James M
,
Heaton, Paul
in
Business
,
Civil Justice
,
Economics, Finance, Business and Management
2010
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.