MétaCan
Menu
Back to cohort

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

2010· article· en· W2032807825 on OpenAlexaffabout
Mary Kelly, Anne Kleffner, Maureen Tomlinson

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.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.003
metaresearch head score (Gemma)0.013
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: Observational
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.021
Threshold uncertainty score0.152

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0030.013
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0010.001
Bibliometrics0.0040.006
Science and technology studies0.0010.001
Scholarly communication0.0020.000
Open science0.0010.001
Research integrity0.0010.001
Insufficient payload (model declined to judge)0.0040.000

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

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designObservational
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations9
Published2010
Admission routes2
Has abstractyes

Explore more

Same venueRisk Management and Insurance ReviewSame topicInsurance and Financial Risk ManagementFrench-language works237,207