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 …

observables,' attributes of individual insurance buyers that are correlated both with subsequent claims experience and with … insurance demand but that insurance companies did not use to set insurance prices. Unlike the widely-used positive correlation … test for asymmetric information, which searches for a positive correlation between insurance demand and risk experience …

This paper presents new evidence on the importance of adverse selection in insurance markets. We use a unique data set …, consisting of all annuity policies sold by a large U.K. insurance company since the early 1980s, to analyze mortality differences … asymmetric information in insurance markets. We find no evidence of mortality differences, however, across annuities of different …

choices between alternatives. We study whether defaults can be used to increase insurance coverage against low …-probability/high-impact risks, like floods, and whether past flood insurance purchases and flooding experience moderate the effect of defaults. Our … study uses a naturally occurring difference in experience, comparing the surveyed flood insurance choices of 1 …