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The U.S. Experience with No-Fault Automobile Insurance: A Retrospective

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Description

Nofault regimes, a formerly in style alternative to the tort reimbursement system for autoaccident sufferers, have progressively lost make stronger. Over the years, premiums and claim prices have grown in nofault states relative to different states, primarily driven by explosive medical cost will increase. Nofault and tort states have also converged across many domain names affecting prices, including excess claiming, litigation patterns, and noneconomicdamage payments.

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