Quantitative Models for Automobile Accidents and Insurance PDF Download

Author: Joseph Ferreira
Publisher:
ISBN:
Category : Drivers' licenses
Languages : en
Pages : 210

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Book Description

Author: Bruce Cooil
Publisher:
ISBN: 9781862742253
Category : Automobile drivers
Languages : en
Pages : 28

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Book Description

Author: United States. Department of Transportation
Publisher:
ISBN:
Category : Automobile insurance
Languages : en
Pages : 168

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Book Description

Author: Jean Lemaire
Publisher: Springer Science & Business Media
ISBN: 9401577080
Category : Business & Economics
Languages : en
Pages : 247

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Book Description
The mathematical theory of non-life insurance developed much later than the theory of life insurance. The problems that occur in the former field are far more intricate for several reasons: 1. In the field oflife insurance, the company usually has to pay a claim on the policy only once: the insured dies or the policy matures only once. It is with only a few particular types of policy (for instance, sickness insurance, when the insured starts working again after a period of sickness) that a valid claim can be made on a number of different occasions. On the other hand, the general rule in non-life insurance is that the policyholder is liable to be the victim of several losses (in automobile insurance, of course, but also in burglary and fire insurance, householders' comprehensive insurance, and so on). 2. In the field of life insurance, the amount to be paid by the company excluding any bonuses-is determined at the inception of the policy. For the various types of life insurance contracts, the sum payable on death or at maturity of the policy is known in advance. In the field of non-life insurance, the amount of a loss is a random variable: the cost of an automobile crash, the partial or totalloss of a building as a result of fire, the number and nature of injuries, and so forth.

Author: United States. Transportation Department
Publisher:
ISBN:
Category :
Languages : en
Pages : 164

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Book Description

Author: Stephen J. Carroll
Publisher: Rand Corporation
ISBN: 9780833011824
Category : Social Science
Languages : en
Pages : 239

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Book Description
Widespread dissatisfaction with the traditional approach to compensating people for auto accident injuries has revived interest in no-fault approaches. This report estimates the effects of a broad range of no-fault plans, compared with the traditional system. The study is primarily based on data from two sources--closed-claim surveys and a household survey--which were combined to construct a representative sample of people injured in auto accidents. The authors use data on what actually happened to people injured in auto accidents in states that have adopted no-fault systems, to develop statistical models. These models relate injuries, losses, and other factors to whether or not the victims received any compensation from auto insurance and, if so, how much, how quickly, and at what transaction costs. The authors then apply these models to samples of people injured in auto accidents in states that retain the traditional compensation system to estimate what would have been their outcomes under a specified no-fault alternative. Finally, they compare the actual outcomes people experienced under the traditional system with their estimated outcomes under various no-fault alternatives. The findings indicate that no-fault can yield substantial savings over the traditional system, or may increase costs substantially, depending on the no-fault plan's provisions. Regardless of plan provisions, all no-fault plans reduce transaction costs, match compensation more closely with economic loss, reduce the amounts paid in compensation for noneconomic loss to less seriously injured people, and speed up compensation.

Author: Georges Dionne
Publisher: Springer Science & Business Media
ISBN: 1461540585
Category : Business & Economics
Languages : en
Pages : 369

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Book Description
Motor vehicle accidents are still a leading cause of death, even if the trend has somewhat declined over the past 20 years. Indeed, motor vehicle accidents are a significant cause of death in comparison with air and space transport accidents, homicides and even HIV infections, causes which are more often highlighted in the media. As shown in this book, motor vehicle accidents are particularly damaging to very young drivers. The assessment of driving risks is a common concern for road transportation safety and the automobile insurance industry. In both cases, there is an awareness of the great losses resulting from the deaths, injuries and property damage caused by traffic accidents. Research is essential to counteract this public health threat, to assess the success or failure of countermeasures, and to solve the problems it generates in the insurance industry. This book is for people concerned about road crashes (prevention and compensation) and about the insurance problems they pose - namely private and public institutional authorities, consultants, administrators, practitioners, and researchers interested in sharing the authors' experience in this domain. The book presents original contributions related to motor vehicle insurance and road safety. All papers have been evaluated by external referees. Four subjects are covered: 1) Automobile Insurance Pricing, Risks and Asymmetric Information; 2) Insurance Fraud; 3) Young Drivers: Licensing Policies, Evaluation and Risks; and 4) Road Insurance Regulation.

Author: United States. Department of Transportation. Automobile Insurance and Compensation Study
Publisher:
ISBN:
Category : Automobile insurance
Languages : en
Pages : 260

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Book Description

Author: Westat Research, Inc
Publisher:
ISBN:
Category : Traffic accidents
Languages : en
Pages : 414

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Book Description

Author: United States. Department of Transportation. Automobile Insurance and Compensation Study
Publisher:
ISBN:
Category : Automobile drivers
Languages : en
Pages : 226

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Book Description