correlation in their assets (health, wealth, wisdom, i.e. skills), causing them to demand a great deal of insurance coverage …. Insurers on the other hand eschew positively correlated risks. It can be shown that insurance contributes to a reduction of … insurance. Analyzing deviations from trend in aggregate insurance payments, one finds the following for the United States and …

This article considers the role of American International Group (AIG) and the insurance sector in the 2007 …–2009 financial crisis and the implications for insurance regulation. Following an overview of the causes of the crisis, I explore the … assistance to AIG. I discuss the extent to which insurance in general poses systemic risk and whether a systemic risk regulator …