In this paper, we examine the impact of unexpected natural disasters on the insurance industry. The industry is exposed to greater risks in states with large populations. Hence we normalize the unexpected disasters with the population of the state. We find evidence that total sales of the...

In this study, we examine how the market concentration in the insurance industry impacts employment and wages. We use panel data, with fixed effects, to find that a higher market concentration is associated with lower employment in the industry. Additionally, we find that market concentration is...