In the aftermath of the financial crisis and an increasingly global economy, insurance regulation is facing increased criticism and scrutiny. The Florida State University (FSU) Center for Insurance Research recently hosted a panel presentation on the theme “Reforming Insurance Regulation:...

Evidence from the property-casualty insurance industry suggests that some insurers tend to settle claims quickly and out of court, while others vigorously defend all claims. While we expect this tendency to vary across lines due to the differential exposures to liability claims, we propose that...