The determination of competitive of fair profit margins for the property-liability insurance industry is a controversial subject, especially because of the investment income. As is well known, investment income arises because of the lag between collection of premiums and payment of losses, and...

No-fault automobile insurance is a first-part coverage under which accident victims can recover up to certain limits for economic losses from their own insurers without regard to fault. On the other hand, a tort-liability compensation system is based on third-part coverage under which negligence...

Duration is an important tool of managing interest rate risk at financial institutions, such as commercial banks and savings and loan association, that engage in interest rate intermediation. Insurance companies also face the problem of their assets differs from that of their liabilities. This...