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<scp>First‐Party Versus Third‐Party Compensation for Automobile Accidents: Evidence From Canada</scp>

2010· article· en· W2032807825 on OpenAlex

Why this work is in the frame

A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.

affAt least one author lists a Canadian institution in the pinned OpenAlex snapshot.
aboutThe title or abstract carries a Canadian signal from the geographic lexicon.

Bibliographic record

VenueRisk Management and Insurance Review · 2010
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicInsurance and Financial Risk Management
Canadian institutionsWilfrid Laurier University
Fundersnot available
KeywordsTortDamagesMonopolySettlement (finance)JurisdictionBusinessCompensation (psychology)Government (linguistics)Third partyTort reformActuarial scienceEconomicsLaw and economicsLawFinanceLiabilityMarket economyPolitical science

Abstract

fetched live from OpenAlex

Abstract Insurance regimes for compensating losses arising from automobile accidents vary by jurisdiction, ranging from a pure tort system to a pure no‐fault system, with both systems having well‐documented benefits and costs. The majority of published research focuses on the benefits and costs associated with the compensation for bodily injury. This article extends the existing literature by examining the differences between first‐party and third‐party recovery for both physical damage and bodily injury losses in Canada. Our comparison of auto insurance costs per insured vehicle suggests that government‐run, pure no‐fault provinces have lower average costs than provinces with private tort and modified no‐fault. Lower costs arise from the elimination of tort costs associated with noneconomic damages, lower claims settlement costs due to first‐party compensation, and scales of economy arising from monopoly power. The second goal of the article is to examine the impact of first‐ versus third‐party compensation on the settlement of property damage claims. We analyze the claim files of a large insurer that operates within both a traditional tort (third‐party) environment and a first‐party recovery environment for property damage. We find that in a first‐party recovery regime claims are settled sooner, settlement costs are lower, and not‐at‐fault drivers are compensated at a higher rate than in the traditional tort environment.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.001
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesMeta-epidemiology (narrow)
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.438
Threshold uncertainty score1.000

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0010.001
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0010.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.001
Open science0.0010.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.030
GPT teacher head0.243
Teacher spread0.213 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it