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No-Fault Automobile Insurance and Accident Severity : Lessons Still To Be Learned

Author

Listed:
  • Devlin, R-A

Abstract

The impact of no-fault automobile insurance on accidents is an empirical issue. Typically, studies conducted in the United States have found that no-fault measures do not affect accidents while studies elsewhere conclude the opposite. In this paper, a micro data set is used which examines the impact of no-fault measures on insurance claims. It finds strong evidence that claiments in no-fault states are likely to have a more severe injury in comparison to claimants in liability-only states. This result suggests that no-fault insurance measures affect accident severity.

Suggested Citation

  • Devlin, R-A, 1997. "No-Fault Automobile Insurance and Accident Severity : Lessons Still To Be Learned," Working Papers 9707e, University of Ottawa, Department of Economics.
  • Handle: RePEc:ott:wpaper:9707e
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    More about this item

    Keywords

    LAW ; INSURANCE ; REGULATION;
    All these keywords.

    JEL classification:

    • K10 - Law and Economics - - Basic Areas of Law - - - General (Constitutional Law)
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation

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