The Effects of Third-party Bad Faith Doctrine on Automobile Insurance Costs and Compensation

Author:   Angela Hawken ,  Stephen J. Carroll ,  Allan F. Abrahamse
Publisher:   RAND
ISBN:  

9780833030344


Pages:   55
Publication Date:   15 October 2001
Format:   Paperback
Availability:   Available To Order   Availability explained
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The Effects of Third-party Bad Faith Doctrine on Automobile Insurance Costs and Compensation


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Overview

One-liner: Adoption and subsequent reversal of bad faith doctrine in California had significant effects on costs and compensation The question of whether an automobile accident victim should be allowed to bring a claim for punitive damages for unfair settlement practices against another person's liability insurer -- a so-called third-party, bad faith suit -- has become an important policy concern. This book examines the compensation that automobile insurers paid to accident victims in California during a period, 1979 to 1988, when such punitive damages claims were permitted. This book looks at the effects of the adoption and subsequent rejection of the Royal Globe doctrine, which allowed third-party bad-faith suits, on compensation and costs of bodily injury claims. The authors find that the adoption of Royal Globe triggered sharp increases in both the average bodily compensation payment and the relative frequency of bodily injury claims in California relative to the other tort states. In contrast, the elimination of Royal Globe dramatically reversed these trends.

Full Product Details

Author:   Angela Hawken ,  Stephen J. Carroll ,  Allan F. Abrahamse
Publisher:   RAND
Imprint:   RAND
Dimensions:   Width: 21.50cm , Height: 0.40cm , Length: 27.80cm
Weight:   0.208kg
ISBN:  

9780833030344


ISBN 10:   0833030345
Pages:   55
Publication Date:   15 October 2001
Audience:   College/higher education ,  Professional and scholarly ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Paperback
Publisher's Status:   Active
Availability:   Available To Order   Availability explained
We have confirmation that this item is in stock with the supplier. It will be ordered in for you and dispatched immediately.

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