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Insurance & Risk Management
18. Chapter 21: Auto Insurance and Society/Approaches for Compensating Auto Accident Victims
18. Chapter 21: Auto Insurance and Society Illustration
Syllabus Slides

Approaches for Compensating Auto Accident Victims

01.Core Concepts

Arguments in support of no-fault laws include: Difficulty in determining fault Inequity in claim payments High transactions costs and attorney fees Fraudulent and inflated claims Delay in payments