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 …

China's admission into the WTO in 2001 heralded a new era of globalization, increasing both import competition in … during the post globalization period (2003-2019) increased by 11.5% of the corresponding pre-globalization period (1984 … contrast, following globalization, the average aggregate domestic profitability of US firms remained flat, and firms employed …

evaluate the design of dynamic pricing regulations in the U.S. long-term care insurance (LTCI) market. We find that stricter …

In this chapter, we review the development of the insurance industry in China. We provide a comprehensive discussion of … its regulatory framework, major insurance segments, market structure, InsurTech, social insurance and the prospects for …

, primarily in the area of insurance, but also in the diversification of asset holdings. We suggest in this paper that, with … modest climate changes of 1-2 degrees C, the global insurance market will expand dramatically. However, under more extreme …, and towards a focus on insurance arrangements and the diversification of risks associated with climate change …

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 … states of the world, reducing the need for a large security deposits, and reducing homelessness which imposes large costs on … society. While unrestricted access is not financially viable with either private or public insurance providers due to moral …