these changes should have affected the equilibrium prices of property-casualty insurance policies, and explores the extent … insurance policy and industry data on premiums earned. Although the predicted impact of the changes in the tax rules enacted in … longest-tail line of insurance, in 1987), it is small relative to the variability of the actual loss experience …

Since the passage of the Terrorism Risk Insurance Act of 2002, corporate terrorism insurance is sold as a separate … and terrorism insurance. Using a unique dataset of insurance policies purchased by large U.S. firms, combined with … financial information of the corporate clients and of the insurance provider, we apply a two-stage least squares (2SLS) approach …

, underinsure against catastrophic risks, and allow extraneous factors to influence insurance purchases and other protective … above anomalies, we consider many different insurance-related goals, organized in a taxonomy, and we consider the effects of …