Ebook: Automobile Insurance: Road Safety, New Drivers, Risks, Insurance Fraud and Regulation

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.

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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.

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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.
Content:
Front Matter....Pages i-xxix
Asymmetric Information In Automobile Insurance: An Overview....Pages 1-11
Evidence of Adverse Selection in Automobile Insurance Markets....Pages 13-46
Allowance for Hidden Information by Heterogeneous Models and Applications to Insurance Rating....Pages 47-78
Bayesian Analysis of Road Accidents: A General Framework for The Multinomial Case....Pages 79-99
Commercial Automobile Insurance: Should Fleet Policies Differ from Single Vehicle Plans?....Pages 101-117
Costly State Falsification or Verification? Theory and Evidence from Bodily Injury Liability Claims....Pages 119-130
The Frequency of Excess Claims for Automobile Personal Injuries....Pages 131-149
When is The Proportion of Criminal Elements Irrelevant? A Study of Insurance Fraud When Insurers Cannot Commit....Pages 151-173
Insurance Fraud Estimation: More Evidence from the Quebec Automobile Insurance Industry....Pages 175-182
The Soci?t? De L’Assurance Automobile Du Qu?bec — An Integrated Model of Action to Insure and Protect People From the Risks Inherent in Use of the Road....Pages 183-189
They Cheat, You Pay!....Pages 191-193
Graduated Licensing in Qu?bec: The Search for Balance Between Mobility and Safety....Pages 195-200
An Evaluation of the Effects on Crashes of the 1991 Legislative Reform on New Licensees in Quebec....Pages 201-214
Licensing Policies For Young Drivers In The United States....Pages 215-220
Reducing the Risk of New Drivers Through Legislation and Regulation....Pages 221-229
Evaluation of the Accompanied Driver Training by Means of A Markov Chain....Pages 231-242
Risky Driving by Youth....Pages 243-251
Young People, Alcohol and Risk....Pages 253-265
No-Fault Automobile Insurance and Accident Severity: Lessons Still To Be Learned....Pages 267-282
The Incentive Effects of No Fault Automobile Insurance....Pages 283-308
Estimating The Effects of “No-Pay, No-Play” Auto Insurance Plans on the Costs of Auto Insurance: The Effects Of Proposition 213....Pages 309-322
Analysis of The Economic Impact of Medical and Optometric Driving Standards on Costs Incurred by Trucking Firms and on the Social Costs of Traffic Accidents....Pages 323-351

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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.
Content:
Front Matter....Pages i-xxix
Asymmetric Information In Automobile Insurance: An Overview....Pages 1-11
Evidence of Adverse Selection in Automobile Insurance Markets....Pages 13-46
Allowance for Hidden Information by Heterogeneous Models and Applications to Insurance Rating....Pages 47-78
Bayesian Analysis of Road Accidents: A General Framework for The Multinomial Case....Pages 79-99
Commercial Automobile Insurance: Should Fleet Policies Differ from Single Vehicle Plans?....Pages 101-117
Costly State Falsification or Verification? Theory and Evidence from Bodily Injury Liability Claims....Pages 119-130
The Frequency of Excess Claims for Automobile Personal Injuries....Pages 131-149
When is The Proportion of Criminal Elements Irrelevant? A Study of Insurance Fraud When Insurers Cannot Commit....Pages 151-173
Insurance Fraud Estimation: More Evidence from the Quebec Automobile Insurance Industry....Pages 175-182
The Soci?t? De L’Assurance Automobile Du Qu?bec — An Integrated Model of Action to Insure and Protect People From the Risks Inherent in Use of the Road....Pages 183-189
They Cheat, You Pay!....Pages 191-193
Graduated Licensing in Qu?bec: The Search for Balance Between Mobility and Safety....Pages 195-200
An Evaluation of the Effects on Crashes of the 1991 Legislative Reform on New Licensees in Quebec....Pages 201-214
Licensing Policies For Young Drivers In The United States....Pages 215-220
Reducing the Risk of New Drivers Through Legislation and Regulation....Pages 221-229
Evaluation of the Accompanied Driver Training by Means of A Markov Chain....Pages 231-242
Risky Driving by Youth....Pages 243-251
Young People, Alcohol and Risk....Pages 253-265
No-Fault Automobile Insurance and Accident Severity: Lessons Still To Be Learned....Pages 267-282
The Incentive Effects of No Fault Automobile Insurance....Pages 283-308
Estimating The Effects of “No-Pay, No-Play” Auto Insurance Plans on the Costs of Auto Insurance: The Effects Of Proposition 213....Pages 309-322
Analysis of The Economic Impact of Medical and Optometric Driving Standards on Costs Incurred by Trucking Firms and on the Social Costs of Traffic Accidents....Pages 323-351
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