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Showing 1 through 5 of 5 results

Asbestos Litigation

by Stephen J. Carroll Elizabeth M. Sloss Deborah R. Hensler Matthias Schonlau Jennifer Gross

Asbestos litigation is the longest-running mass tort litigation in U.S. history. Through 2002, approximately 730,000 individuals have brought claims against some 8,400 business entities, and defendants and insurers have spent a total of $70 billion on litigation. Building on previous RAND briefings, the authors report on what happened to those who have claimed injury from asbestos, what happened to the defendants in those cases, and how lawyers and judges have managed the cases.

The Benefits to Taxpayers from Increases in Students' Educational Attainment

by Emre Erkut Stephen J. Carroll

Increases in educational attainment benefit the public because more highly educated people tend to pay more in taxes, are less likely to use social support programs, and are less likely to commit crimes. This volume examines the monetary value of these benefits over an individual's lifetime and how they vary with education level.

Distribution of Losses From Large Terrorist Attacks Under the Terrorism Risk Insurance Act

by Tom Latourrette Brian G. Chow Stephen J. Carroll Gregory S. Jones Craig Martin

The pending expiration of the Terrorism Risk Insurance Act (TRIA) of 2002 is the impetus for this assessment of how TRIA redistributes terrorism losses. The authors find that the role of taxpayers is expected to be minimal in all but very rare cases and that, even with TRIA in place, a high fraction of losses would go uninsured in each of the attack scenarios examined.

Insurance Class Actions in the United States

by Ingo Vogelsang Laura Zakaras Nicholas M. Pace Stephen J. Carroll

Class actions, which are civil cases in which parties initiate a lawsuit on behalf of other plaintiffs not specifically named in the complaint, often make headlines and arouse policy debates. However, policymakers and the public know little about most class actions. This book presents the results of surveys of insurers and of state departments of insurance to learn more about class litigation against insurance companies.

The U.S. Experience with No-Fault Automobile Insurance

by Stephen J. Carroll James M. Anderson Paul Heaton

No-fault regimes, a formerly popular alternative to the tort compensation system for auto-accident victims, have gradually lost support. Over time, premiums and claim costs have grown in no-fault states relative to other states, primarily driven by explosive medical cost increases. No-fault and tort states have also converged across many domains affecting costs, including excess claiming, litigation patterns, and noneconomic-damage payments.

Showing 1 through 5 of 5 results

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