Narrow search
Showing 1 - 10 of 763
Cover Image
Risk Management, Capital Budgeting and Capital Structure Policy for Insurers and Reinsurers
Froot, Kenneth A. - 2003
risky investment, underwriting, reinsurance, and hedging; and ii) the allocation of risk across all of these opportunities …
Persistent link: https://www.econbiz.de/10012468510
Cover Image
Outside Purchase Contracts, Human Capital and Firm Capital Structure
Moon, S. Katie - 2014
We examine the impact of outside purchase contracts on firm risk and firm capital structure. We find that firms with more outside purchase contracts have less risky cash flows. Despite these less risky cash flows, firms with these contracts also have less financial leverage especially when they...
Persistent link: https://www.econbiz.de/10012458086
Cover Image
National Survey Evidence on Disasters and Relief : Risk Beliefs, Self-Interest, and Compassion
Viscusi, W. Kip - 2006
A nationally representative sample of respondents estimated their fatality risks from four types of natural disasters, and indicated whether they favored governmental disaster relief. For all hazards, including auto accident risks, most respondents assessed their risks as being below average,...
Persistent link: https://www.econbiz.de/10012466080
Cover Image
Goals and Plans in Protective Decision Making
Krantz, David H. - 2006
Protective decisions are often puzzling. Among other anomalies, people insure against non-catastrophic events, underinsure against catastrophic risks, and allow extraneous factors to influence insurance purchases and other protective decisions. Neither expected utility theory nor prospect theory...
Persistent link: https://www.econbiz.de/10012466218
Cover Image
The Effects of Tax-Law Changes on Property-Casualty Insurance Prices
Bradford, David F. - 1996
During the 1980s, the federal income tax treatment of property-casualty insurers and their policyholders underwent several important changes, the most significant of which came in 1986. This paper develops theoretical predictions for how these changes should have affected the equilibrium prices...
Persistent link: https://www.econbiz.de/10012473190
Cover Image
Corporate Demand for Insurance : New Evidence from the U.S. Terrorism and Property Markets
Michel-Kerjan, Erwann - 2013
Since the passage of the Terrorism Risk Insurance Act of 2002, corporate terrorism insurance is sold as a separate policy from commercial property coverage. In this paper, we determine whether companies differ in their demand for property and terrorism insurance. Using a unique dataset of...
Persistent link: https://www.econbiz.de/10012459129
Cover Image
The Market for Catastrophe Risk : A Clinical Examination
Froot, Kenneth A. - 1999
transferring risk are being explored. The paper studies several recent transactions by USAA which use reinsurance capacity from …
Persistent link: https://www.econbiz.de/10012471497
Cover Image
Catastrophe Bonds, Reinsurance, and the Optimal Collateralization of Risk-Transfer
Lakdawalla, Darius - 2006
Catastrophe bonds feature full collateralization of the underlying risk transfer, and thus abandon the insurance principle of economizing on collateral through diversification. We examine the theoretical foundations beneath this paradox, finding that fully collateralized instruments have...
Persistent link: https://www.econbiz.de/10012465918
Cover Image
An Empirical Analysis of the Economic Impact of Federal Terrorism Reinsurance
Brown, Jeffrey R. - 2004
This paper examines the role of the federal government in the market for terrorism reinsurance. We investigate the …
Persistent link: https://www.econbiz.de/10012468305
Cover Image
Moral Hazard in Reinsurance Markets
Doherty, Neil - 2002
This paper attempts to identify moral hazard in the traditional reinsurance market. We build a multi-period principle … agent model of the reinsurance transaction from which we derive predictions on premium design, monitoring, loss control and … insurer risk retention. We then use panel data on U.S. property liability reinsurance to test the model. The empirical results …
Persistent link: https://www.econbiz.de/10012469663