Items related to No-Fault Motor Vehicle Insurance, Vol. 3: Hearings...

No-Fault Motor Vehicle Insurance, Vol. 3: Hearings Before the Subcommittee on Commerce and Finance of the Committee on Interstate and Foreign ... Session on H. Con. Res. 241 (Classic Reprint) - Softcover

Interstate And Foreign Commerce Cmte

 
9780243007417: No-Fault Motor Vehicle Insurance, Vol. 3: Hearings Before the Subcommittee on Commerce and Finance of the Committee on Interstate and Foreign ... Session on H. Con. Res. 241 (Classic Reprint)

Synopsis

This book evaluates the past and present state of the automobile insurance system in the United States. The author traces its evolution from its beginnings to its current form and organization. The author offers criticism of the system and explores the impact of legal liability and negligence on insurance costs. The system is contextualized within the broader history of insurance. Analysis of data and statistics is used to support arguments for changes to the system. The author finds that the focus on fault in the present system is counterproductive and leads to excessive costs. It also incentivizes fraudulent and exaggerated claims. The author advocates for the implementation of a no-fault system in which drivers would be compensated regardless of fault.

"synopsis" may belong to another edition of this title.