As climate risk escalates, property insurance is critical to reduce the risk exposure of households and firms and to … parcel-level wildfire risk, together with insurance premiums derived from insurers' regulatory filings, to investigate how … insurance is priced and provided in a large market for homeowners insurance. We document striking variation in insurers' risk …

Health insurance is increasingly provided through managed competition, in which subsidies for consumers and risk …

We analyze the value of insurance when individuals have access to credit markets. Loans allow consumers to smooth … financial shocks over time, decreasing the value of consumption smoothing from insurance. We derive formulas for the value of … insurance that can be taken to data, and show how that value depends on individual characteristics and features of loans. We …

A rent guarantee insurance (RGI) policy makes a limited number of rent payments to the landlord on behalf of an insured … society. While unrestricted access is not financially viable with either private or public insurance providers due to moral …

We study aggregate lapsation risk in the life insurance sector. Using the regulatory reporting of historical lapse … risk factors that explain a large fraction of the common variation in lapse rates of the 30 largest life insurance … and valuation of life insurance contracts. Ignoring aggregate lapsation risk results in cross-subsidization across …

This review article, which was solicited by the Geneva Risk and Insurance Review, surveys work that has been done using … an empirical framework for analyzing selection in insurance markets developed by Einav, Finkelstein, and Cullen (2010 … across an array of settings in both insurance and credit markets. We also discuss some of the useful extensions to the …

Existing research on selection in insurance markets focuses on how adverse selection distorts prices and misallocates … the distributional incidence depends on the correlations between income, expected costs, and insurance demand. We discuss …, who are more likely to choose generous health insurance plans …