percentage of traffic accidents in the capital involving cyclists stood at 36.1 percent in 2018, up from 33.4 percent in 2017. This is significantly higher than the nationwide average of 19.1 percent,
But... how many bicycle accidents caused by the cyclist cause serious injuries to others?
Property damage attributed to cyclists?
The story cited two serious injuries. I presume there are more. Perhaps a few hospitalization injuries a year?
But, say one has 5 million cyclists in Tokyo.
And, say there are Five payouts a year of $1 Million (or a total of one big payout, and a bunch of small payouts totaling $5 Million).
That comes up to about $1 per cyclist.
The administration and overhead fees for such a program could be HUGE.
It could well be that for pure liability, society would be much better off with a government pool for shared costs between the cyclist and the government. So, the cyclist wouldn't get off for free, but say 50% of the first $50K of liability, and then the government pays the rest. Payment plan for that first 50%?
Of course, the other issue is people naturally go after the biggest pot. So, give the government a share of the liability, and payments could be through the roof (unless liability limitation is enacted).