The Policy Impact of No-fault Automobile Insurance
Bibliographic Data
| ID | 4073945 |
|---|---|
| Authors | Kenneth J Meier (0000-0002-6378-0855, University of Wisconsin–Madison), Robert M La Follette (University of Wisconsin–Madison) |
| Year | 1987 |
| Volume | 6 |
| Issue | 3 |
| Pages | 496-505 |
| Publication date | 1987-02-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Review of Policy Research (JOURNAL) |
| Journal identifiers | ISSN: 1541-132X • E-ISSN: 1541-1338 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1541-1338.1987.tb00763.x |
| OpenAlex | W1983768166 |
| Language | EN |
| Citations received | 1 |
| References cited | 6 |
This study examines the impact of four different types of no-fault automobile insurance laws on the risk adjusted price of insurance. No-fault insurance plans are in operation in 23 states. Using data from 1976 to 1984 for 49 states, the study found that no-fault plans limiting litigation result in lower prices for automobile insurance. This relationship holds even under controls for several variables that also affect the price of automobile insurance
Actuarial science · Auto insurance risk selection · Automobile insurance · Business · Casualty insurance · Economics · General insurance · Insurance policy · Limiting · Property insurance · Engineering · Insurance and Financial Risk Management · Law, Economics, and Judicial Systems · Probability and Risk Models
| Citations per year | 0.03 |
|---|---|
| Citation span | 1992 - 1992 (1) |
| Highly cited | No |