Medical Costs Driving No-Fault Losses
NU Online News Service, Dec. 3, 11:41 a.m. EST?A four-state study of no-fault system auto injury claims has found escalating medical expenses have driven up accident losses dramatically.[@@]
The report by the Insurance Research Council in Malvern, Pa. found the average loss between 1997 and 2002 increased 122 percent in Colorado, 37 percent in Florida, 60 percent in New York and 2 percent in Michigan.
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