We provide an experimental analysis of competitive insurance markets with adverse selection. Our parameterized version … of the lemons' model (Akerlof 1970) in the insurance context predicts total crowding out of low-risks when insurers offer … a single full insurance contract. The therapy proposed by Rothschild and Stiglitz (1976) to solve this major …

The recent automobile liability insurance crisis in Atlantic Canada has prompted the four provincial legislations …, the personal automobile insurance system. After reviewing some of the most interesting new regulatory changes, our paper … proposes a new area of discussion: The merger of the four provincial insurance regulatory bodies to combat insurance fraud. We …

This paper characterizes the optimal insurance contract in an environment where an informed agent can misrepresent the …

horizontal tranching of insurance contracts (also known respectively as proportional and excess of loss reinsurance contracts … (with attachment and detachment points) for a given book of business. This allows us to find the minimum insurance premium … which government intervention in the catastrophic loss insurance industry can reduce the cost to society of bearing risk and …

and casualty insurance and are economically significant. Using a meta-analysis of published papers in the area of … insurance economics, I show that the evidence in favor of underwriting cycles is misleading or even completely absent. There is … the property and casualty insurance industry is not cyclical; we only observe profitability going up or down with no …

insurance (P&C) market if banks continue to penetrate it at current rates. To do so, we study an insurance market where banks … are already integral in distribution: Title insurance. We draw some broad comparisons between the distribution channels … used to sell title insurance and the channel used by banks entering the P&C market. The title insurance industry is …