This article provides a philosophical discussion detailing the limitations of univariate analysis in the pre-testing step of data analysis. The case in point is the relationship between the property-liability aggregate underwriting margin and interest rates. Haley (1993) and Choi, Hardigree, and...

This paper examines whether the underpricing of IPOs exists in a regulated industry such as insurance, which is the largest state-regulated industry in the United States. Our results find significant evidence of a joint effect of price support and information asymmetry on insurance IPOs. This...

Natural disasters can affect insurer share prices in two counterbalancing ways: (1) through the uncertainty regarding an insurer’s ability to handle loss claims and (2) through a potential increase in demand for insurance and/or increase in insurance rates. Given the historically catastrophic...