The Effects of Third-Party Bad Faith Doctrine on Automobile

The Effects of Third-Party Bad Faith Doctrine on Automobile Insurance Costs and Compensation 2001

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 Ãœ a so-called third-party, bad faith suit Ãœ 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.
Country USA
Brand Rand
Manufacturer RAND Corporation
Binding Paperback
ItemPartNumber illustrations
ReleaseDate 2001-10-15
UnitCount 1
EANs 9780833030344

The Effects of Third-Party Bad Faith Doctrine on Automobile Insurance Costs and Compensation 2001