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18 J. Ins. Regul. 3 (1999-2000)

handle is hein.journals/jloins18 and id is 1 raw text is: Introduction to Symposium on No-fault Automobile Insurance Eric Nordman* The invention of the automobile brought with it many challenges and opportunities. Motor vehicles represent a significant financial investment for the average consumer. This is as true today as it was when the automobile first appeared on the scene. Thus, since its invention, motor vehicle owners have sought to protect themselves from economic loss to the vehicle. This is most often accomplished by the purchase of insurance. Damage to the vehicle is not the most significant economic threat to its owner. In spite of a person's best intentions, accidents will happen. The propensity of drivers to run into other autos, sta- tionary objects and pedestrians causes a significant exposure to fi- nancial loss. It is this threat to the economic assets of the negligent person that is the subject of auto liability insurance. In this country, State legislatures have traditionally been the fo- rum for the debate about what system will be used to address how best to compensate those injured in auto accident victims and how to determine who will pay for damages to motor vehicles and other property. Over time a variety of auto accident compensation schemes have been debated in the State Houses throughout the land. In this issue of the Journal of Insurance Regulation, the topic of how to compensate auto accident victims receives another look. Director of Research, National Association of Insurance Commissioners, Kansas City, MO. [Editor's note: The three articles in this symposium were independently submitted to the Journal and peer reviewed. The authors of each paper have not had a chance to review or comment on each others' work.[ Copyright © 1999. All rights reserved.