This paper examines whether high insurance rates are possibly the result of an insurer’s discriminatory expense loading in heavily regulated insurance lines. The conclusion is, from a total expenses basis, that insurance companies are not unfairly loading expenses on heavily rate-regulated...

On March 28, 1979, a combination of mechanical and operator errors caused the core at the Three Mile Island nuclear power plant to overheat. Using event methodology, this paper examines the effect of this incident on shareholder wealth of a sample of property and liability insurers who were...