One unusual feature of the U.S. property-casualty insurance industry is the coexistence of stock and mutual companies … insurance companies respond to differences in their underwriting environment. Agency theories suggest that the stock company may …' performance, by state and by line, in eight different lines of insurance. Stock companies are more likely than mutuals to reduce …

Care Act (ACA)'s Health Insurance Marketplaces. The RC program, which was defunded ahead of coverage year 2016, and ended … defunding, had greater premium increases in 2017, after the program ended. Insurance markets in which more insurers made RC …

, informed by the recent experience with COVID-19, for defining a meaningful role for insurance in managing business interruption … representatives from the insurance industry can assist in defining its role in providing protection against the financial consequences …

of health insurance. We show that any innovation worth buying reduces overall risk, thereby generating positive insurance …Economists think of medical innovation as a valuable but risky good, producing health benefits but increasing financial … risk. This perspective overlooks how innovation can lower physical risks borne by healthy patients facing the prospect of …

In the United States, households obtain health insurance through distinct market segments. We explore the economics of …

We study how risk management through hedging impacts firms and competition among firms in the life insurance industry …

Insurance markets often feature consumer sorting along both an extensive margin (whether to buy) and an intensive …

Should choice be offered in social insurance programs? The paper presents a conceptual framework that identifies the …