Similar Search Results

The Catastrophic Effects of Natural Disasters on Insurance Markets

Viscusi, W. Kip - 2012

Natural catastrophes often have catastrophic risks on insurance companies as well as on the insured. Using a very large dataset on homeowners%u2019 insurance coverage by state, by firm, and by year for the 1984 to 2004 period, this paper documents the positive effect on losses and loss ratios of...

Persistent link: https://www.econbiz.de/10012755507

Policy Watch : Challenges for Terrorism Risk Insurance in the United States

Kunreuther, Howard - 2012

This paper examines the role that insurance has played in dealing with terrorism before and after September 11, 2001, by focusing on the distinctive challenges associated with terrorism as a catastrophic risk. The Terrorism Risk Insurance Act of 2002 (TRIA) was passed by the U.S. Congress in...

Persistent link: https://www.econbiz.de/10012755733

Assessing, Managing, and Financing Extreme Events : Dealing with Terrorism

Kunreuther, Howard - 2012

This paper discusses new challenges we face with terrorism as a catastrophic risk by focusing on risk assessment, risk management as well as risk financing issues. The special characteristics of terrorism compared with major natural hazards call for the development of public-private...

Persistent link: https://www.econbiz.de/10012755813

Organizational Form and Insurance Company Performance : Stocks Versus Mutuals

Born, Patricia - 2012

insurance companies respond to differences in their underwriting environment. Agency theories suggest that the stock company may … and mutual firms to changes in the underwriting environment from 1984 to 1991, using measures of individual firms …

Persistent link: https://www.econbiz.de/10012756000

Relationship Banking and the Pricing of Financial Services

Calomiris, Charles W. - 2010

We investigate how banking relationships that combine lending and underwriting services affect the terms of lending …, through both loan supply- and loan demand-side effects, and the underwriting costs of debt and equity issues. We capture and … universal banks under-price loans to win underwriting business. Instead, we find that universal banks charge premiums for loans …

Persistent link: https://www.econbiz.de/10012760608

Insurance Underwriter or Financial Development Fund : What Role for Reserve Pooling in Latin America?

Eichengreen, Barry - 2010

The accumulation of international reserves by emerging markets raises the question of how to best utilize these funds. This paper explores two routes through which the pooling of reserves could enhance stability and welfare. First, the reserve pool could be used for emergency lending in response...

Persistent link: https://www.econbiz.de/10012760717

Insuring Consumption and Happiness Through Religious Organizations

Dehejia, Rajeev H. - 2010

This paper examines whether involvement with religious organizations insures an individual's stream of consumption and of happiness. Using data from the Consumer Expenditure Survey (CEX), we examine whether households who contribute to a religious organization are able to insure their...

Persistent link: https://www.econbiz.de/10012762393

Insuring Against Terrorism : The Policy Challenge

Smetters, Kent A. - 2010

Terrorist attacks worldwide during the past several years have spurned an interest in understanding not only how governments can mitigate terrorism risk but also how governments might help finance future losses. This interest was buttressed by the seemingly failure of the private insurance...

Persistent link: https://www.econbiz.de/10012762520

Insurance, Self-Protection, and the Economics of Terrorism

Lakdawalla, Darius N. - 2010

This paper investigates the rationale for government intervention in the market for terrorism insurance, focusing on the externalities associated with self-protection. Self-protection by one target encourages terrorists to substitute towards less fortified targets. Investments in self-...

Persistent link: https://www.econbiz.de/10012762980

Inflation Insurance

Bodie, Zvi - 2010

A contract to insure $1 against inflation is equivalent to a European call option on the consumer price index. When there is no deductible this call option is equivalent to a forward contract on the CPI. Its price is the difference between the prices of a zero coupon real bond and a zero coupon...

Persistent link: https://www.econbiz.de/10012763300