Recently added articles from Risk Management and Insurance Review:
CATASTROPHE MANAGEMENT IN A CHANGING WORLD: THE CASE OF HURRICANES
Oct 01, 2008; ... This article features a presentation and discussant comments on hurricane and wind insurance organized by Richard A. Derrig for the American Risk and Insurance Association (ARIA) 2007 Annual Meeting in Quebec City, Quebec, Canada. The moderator, Richard A. Derrig, is President of OPAL Consulting ...
THE INTERMEDIATION OF FINANCIAL RISKS: EVOLUTION IN THE CATASTROPHE REINSURANCE MARKET
Oct 01, 2008; ... INTRODUCTION Each time a major and costly catastrophic peril occurs, a chorus arises from within the insurance community and beyond. The critics claim that the reinsurance market is inadequate, even dysfunctional, in cheaply redistributing risks. They cite frustration with the high ...
INSURANCE MARKET DYNAMICS: BETWEEN GLOBAL DEVELOPMENTS AND LOCAL CONTINGENCIES
Oct 01, 2008; ... ABSTRACT Insurance markets have changed radically and deeply in the past twenty years. Deregulation, globalization of insurance institutions, intensified competition, electronic commerce, bancassurance, and the emergence of new risks are among the challenges faced by insurance markets ....
FOREIGN SHARE, INSURANCE DENSITY, AND PENETRATION: AN ANALYSIS OF THE INTERNATIONAL LIFE INSURANCE MARKET
Oct 01, 2008; ... ABSTRACT Recent trends toward liberalization and deregulation have sparked significant interest in the topic of international insurers' participation in foreign markets. This research develops a profile of foreign national market characteristics that attract international life insurer ...
THE IMPACT OF DEREGULATION ON EFFICIENCY: AN ANALYSIS OF LIFE INSURANCE INDUSTRY IN TAIWAN FROM 1981 TO 2004
Oct 01, 2008; ... ABSTRACT We examine the impact of deregulation and liberalization (D&L) on the efficiency of the Taiwanese life insurance industry from 1981 to 2004. We utilize the data envelopment analysis (DEA) to measure the efficiency performances and the Malmquist index approach to measure ...
THE HUNGARIAN INSURANCE MARKET: ECONOMIC TRANSITION IN THE INSURANCE SECTOR
Oct 01, 2008; ... ABSTRACT This article analyzes Hungary's insurance sector as an important part of the country's economic transition from a centrally planned economy to a market economy. It details the historic economic development of the Hungarian insurance market from a state monopoly to a competitive ...
ARIA ANNUAL MEETING PROGRAM SCHEDULE QUEBEC CITY, AUGUST 5-8, 2007
Oct 01, 2008; ... Sunday, August 5 8:00 AM-3:30 PM Board of Directors' Meeting 3:00 PM-7:00 PM Registration Desk Open 5:00 PM-5:30 PM First Time Participants' Reception 5:30 PM-7:00 PM Welcome Reception Monday, August 6 7:15 AM-8:15 AM Breakfast 7:30 AM-5:00 ...
FUTURE OF SOCIAL SECURITY, MEDICARE, AND MEDICAID: IS U.S. ENTITLEMENT SPENDING SUSTAINABLE?
Apr 01, 2008; ... This article features a panel discussion on the future of U.S. entitlement spending organized by Jeff Brown for the American Risk and Insurance Association 2006 Annual Meeting. The moderator, Jeff Brown, received his Ph.D. from MIT and is the William G. Karnes Professor of Finance at the ...
CAT BONDS AND OTHER RISK-LINKED SECURITIES: STATE OF THE MARKET AND RECENT DEVELOPMENTS
Apr 01, 2008; ... ABSTRACT This article reviews the current status of the market for catastrophic risk (CAT) bonds and other risk-linked securities. CAT bonds and other risk-linked securities are innovative financial vehicles that have an important role to play in financing mega-catastrophes and other ...
INTRODUCTION
Apr 01, 2008; ... Mandates that employers either offer health insurance to their workers or pay a penalty play a central role in many proposals to reduce the ranks of the uninsured. While much attention is paid to the effects of such mandates on insurance coverage, different versions of these proposals have very ...
MASSACHUSETTS HEALTH CARE REFORM: THE VIEW FROM ONE YEAR OUT
Apr 01, 2008; ... ABSTRACT One of the most important developments in health policy in recent years was the health reform plan enacted by Massachusetts in April 2006. This sweeping bill reformed insurance markets, subsidized insurance coverage for a large swath of the population, introduced a new ...
MASSACHUSETTS EVADES EMPLOYER MANDATES: LESSONS FOR OTHER STATES?
Apr 01, 2008; ... INTRODUCTION Jonathan Gruber's article deals primarily with the political and economic issues posed and resolved by the health insurance reform recently adopted in Massachusetts, which gives only a tiny role to employer mandates. For good reasons, some of them special to Massachusetts, ...
WHO GETS WHAT FROM EMPLOYER PAY OR PLAY MANDATES?/COMMENT ON "WHO GETS WHAT FROM EMPLOYER PAY OR PLAY MANDATES?"
Apr 01, 2008; ... Richard V. Burkhauser KosaLI I. Simon ABSTRACT Critics of pay or play mandates, borrowing from the large empirical minimum wage literature, argue that they reduce employment. Borrowing from a smaller empirical minimum wage literature, we argue that they also are a blunt ...
EMPLOYER HEALTH INSURANCE MANDATES AND THE RISK OF UNEMPLOYMENT/COMMENT ON "EMPLOYER HEALTH INSURANCE MANDATES AND THE RISK OF UNEMPLOYMENT"
Apr 01, 2008; ... Katherine Baicker Helen Levy ABSTRACT Employer health insurance mandates form the basis of many health care reform proposals. Proponents make the case that they will increase insurance, while opponents raise the concern that low-wage workers will see offsetting reductions ...
WHEN DO INTERNATIONAL OPERATIONS LEAD TO IMPROVED PERFORMANCE? AN ANALYSIS OF PROPERTY-LIABILITY INSURERS
Apr 01, 2008; ... ABSTRACT In recent decades, insurers have been increasing their exposure to international markets. This article seeks to investigate the relationship between property-liability insurers' international operations and their risk-adjusted returns using cross-section and time-series data for ...
INTANGIBLE ASSETS AND FIRM ASSET RISK TAKING: AN ANALYSIS OF PROPERTY AND LIABILITY INSURANCE FIRMS
Apr 01, 2008; ... ABSTRACT Intangible assets facilitate insurers' capacity to retain existing business and attract new clients. In this study we analyze how the incentives to protect intangible assets affect asset risk-taking behavior of property and hability insurers. The result supports the view that ...
A COMPARATIVE ANALYSIS OF U.S. PROPERTY AND CASUALTY REINSURERS AND INSURERS
Apr 01, 2008; ... ABSTRACT In empirical research related to the property-casualty insurance industry, studies commonly focus on either insurers or reinsurers. However, in many cases, the definition used to make the distinction between the two groups is often not clearly defined and/or the definition ...
ACADEMIC DISHONESTY: AN EXPLORATORY STUDY EXAMINING WHETHER INSURANCE STUDENTS ARE DIFFERENT FROM OTHER COLLEGE STUDENTS
Apr 01, 2008; ... ABSTRACT This exploratory study compares academic dishonesty scores for insurance students in one insurance program to those for other college students using survey data from business and nonbusiness students at two universities. Academic dishonesty was measured using a modified version ...
INSURANCE IN THE COURTS (FORMERLY RECENT COURT DECISIONS)
Apr 01, 2008; ... TEXAS SUPREME COURT ISSUES IMPORTANT CONSTRUCTION DEFECT INSURANCE COVERAGE OPINION REJECTING COMMON INSURER DEFENSES AND FINDING STATE "PROMPT PAYMENT OF CLAIMS" STATUTE APPLICABLE TO GENERAL LIABILITY INSURANCE AND PAYMENT OF DEFENSE COSTS Lamar Homes, Inc. v. Mid-Continent Casualty ...
REINSURANCE FOR NATURAL AND MAN-MADE CATASTROPHES IN THE UNITED STATES: CURRENT STATE OF THE MARKET AND REGULATORY REFORMS
Oct 01, 2007; ... ABSTRACT U.S. insurers are heavily dependent on global reinsurance markets to enable them to provide adequate primary market insurance coverage. This article reviews the response of the world's reinsurance industry to recent mega-catastrophes and provides recommendations for regulatory ...