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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

Some states have repealed their no-fault laws because relatively low monetary thresholds have increased the number of lawsuits A study by the Institute for Civil Justice found that no-fault plans: Initially reduced attorney fees and claim processing costs Premiums are higher in no-fault states