The paper focuses on the effects of claimant behavior, especially fraudulent claiming, in determining liability insurance costs. The theoretical perspective underlying the analysis is that the ease of filing a claim and the net potential payoff affect individuals' incentives to file claims....

This paper examines the relationship between mergers and acquisitions, efficiency, and scale economies in the US life insurance industry. We estimate cost and revenue efficiency over the period 1988-1995 using data envelopment analysis (DEA). The Malmquist methodology is used to measure changes...