Couple of personal experience anecdotes on this:
1) A college student friend of ours was stepping off a bus in Boulder, a bike hit her, put her in the hospital with a long time healing after release. I think she got some help from his insurance.
2) I was riding a train a year ago and got to talking to another rider, he told me about how he got t-boned by another cyclist on a bike trail at an intersection with another bike trail. Hurt him bad, long recovery time.