Homeowners’ insurance, a $15 trillion market by coverage, provides households financial protection from climate losses …. Insurance premiums (rates) are subject to significant regulations at a state level in the United States. Using novel data on … provide evidence of decoupling of insurance rates from their underlying risks and identify regulation as a driving force …

This paper explores the economic issues related to systemically important insurance companies, using an example from … the Great Depression, the National Surety Company. National Surety was a large and diverse insurance company that … policyholders staged a massive run on the company, demanding the return of their unearned premiums. The New York State Insurance …

Credit related insurance and other debt protection are products sold in conjunction with credit that extinguish a … penetration rates observed in the 1950s and 1960s raised concerns about coercion in the sale of credit insurance. This study … presents evidence on credit insurance purchase and debt protection decisions from a new survey. The findings provide little …

Insurance companies often follow highly correlated investment strategies. As major investors in corporate bonds, their … following a rating downgrade. Reflective of fire-sale risk, clustering of insurance companies in a bond has significant … bond yield spreads is more evident for bonds held to a greater extent by capital-constrained insurance companies, those …