One unusual feature of the U.S. property-casualty insurance industry is the coexistence of stock and mutual companies … insurance companies respond to differences in their underwriting environment. Agency theories suggest that the stock company may …' performance, by state and by line, in eight different lines of insurance. Stock companies are more likely than mutuals to reduce …

Care Act (ACA)'s Health Insurance Marketplaces. The RC program, which was defunded ahead of coverage year 2016, and ended … defunding, had greater premium increases in 2017, after the program ended. Insurance markets in which more insurers made RC …

, informed by the recent experience with COVID-19, for defining a meaningful role for insurance in managing business interruption … representatives from the insurance industry can assist in defining its role in providing protection against the financial consequences …

of health insurance. We show that any innovation worth buying reduces overall risk, thereby generating positive insurance …Economists think of medical innovation as a valuable but risky good, producing health benefits but increasing financial … risk. This perspective overlooks how innovation can lower physical risks borne by healthy patients facing the prospect of …

This paper presents new evidence on the importance of adverse selection in insurance markets. We use a unique data set …, consisting of all annuity policies sold by a large U.K. insurance company since the early 1980s, to analyze mortality differences … asymmetric information in insurance markets. We find no evidence of mortality differences, however, across annuities of different …

nondiversifiable human capital investment. In the absence of complete insurance markets for human capital, the decentralized … efficient reallocation and full insurance when human capital is mobile at some cost, due to the endogeneity of the initial …