Gründl, Helmut; Zimmer, Anja; Schade, Christian - Universität <Berlin, Humboldt-Universität> / … - 2009
There is considerable empirical and experimental evidence that insurance demand issignificantly influenced by an insurance firm’s solvency level. For example, Sommer (1996)and Cummins and Danzon (1997) empirically show that a firm’s financial distress isaccompanied by a decrease in insurance...