@article{ref1,
title="First-Year Cost Results under No-Fault Automobile Insurance: A Comparison of the Florida and Massachusetts Experience",
journal="Journal of Risk and Insurance",
year="1974",
author="Brainard, Calvin H. and Fitzgerald, John F.",
volume="41",
number="1",
pages="25-39",
abstract="In the early summer of 1973, insurers representing about 65 percent of the Florida private passenger automobile insurance market co-operated in supplying incurred accident-year experience for 1971 and 1972 to provide a basis for measuring probable first-year cost results in Florida under no-fault. Insurers differed, and sometimes substantially, in their reported results. But a summary of all submissions indicates a probable increase in insurer costs at the 15-month development. This is in marked contrast with the Massachusetts experience reported a year ago in the Journal and casts doubt on the present ability of no-fault system designers to balance threshold and benefit accounts without actual market experimentation.<p />",
language="",
issn="0022-4367",
doi="10.2307/252089",
url="http://dx.doi.org/10.2307/252089"
}