Purpose – The purpose of this study is to investigate interest rate sensitivity of the US property/liability (P/L) insurers stock returns using various return generating process models incorporating different interest rate changes such as actual interest rate changes, unexpected interest rate...

Purpose – The purpose of this study is two-fold. The first purpose is to properly measure the level of US property and liability (P/L) insurers liquidity creation, applying the liquidity creation measure developed by Berger and Bouwman. The second purpose is to identify factors affecting P/L...

Purpose -The purpose of this paper is to investigate coexistence of multiple distribution systems in property-casualty (P/C) insurance industry in the USA. Design/methodology/approach -Stochastic frontier analysis is used to measure cost and revenue efficiencies of P/C insurance companies...

The past decade has witnessed a proliferation of regional as well as inter-regional organizations dealing with a wide range of political, economic, security, and social issues. On balance, material interests and the need for balance of power amongst the states and the regions are often abetted...