transactions of non-agency RMBS by insurance companies from 2006 to 2009, we show that insurance companies that became more capital … at much lower prices than other insurance companies during the crisis. …

We analyze a reform of insurance companies' capital requirements for mortgage-backed securities. First, credit ratings …

The Terrorism Risk Insurance Act of 2002 (TRIA) established a public-private program to cover commercial enterprises … insurance but only would be financially responsible for a small portion of the claims. Commercial policyholders from all …

Massachusetts that the demand for auto insurance is highly price elastic. This implies that regulation induced price rollbacks (such … lack of fairness arises because, although auto insurance costs rose sharply in the 1980s, most buyers of auto insurance … positively correlated with the level of insurance premium. This result is consistent both with the view that voting behavior is …

This paper examines the role that insurance has played in dealing with terrorism before and after September 11, 2001 …, by focusing on the distinctive challenges associated with terrorism as a catastrophic risk. The Terrorism Risk Insurance … Act of 2002 (TRIA) was passed by the U.S. Congress in November 2002, establishing a national terrorism insurance program …

principles to evaluate alternative programs. We first discuss how a federal insurance program with mandatory coverage and a … laissez faire free-market approach for providing private insurance will fare relative to these principles. We conclude that … structure of insurance regulation. We then evaluate how well the U.S. Terrorism Risk Insurance Act (TRIA), a public …