Viele Akteure sind an den aktuellen politischen Diskussionen (FIDLEG, Revision VVG) beteiligt, wie Konsumenten im Versicherungsbereich wirksam und effizient geschützt werden können. Die Anspruchsgruppe, die im Zentrum der Diskussionen steht, wurde bisher jedoch wenig untersucht: Wie stehen...

In July 2003, U. S. Senator Ernest “Fritz” Hollings (D - South Carolina) introduced the Insurance Consumer Protection Act of 2003, which is “[a]mong the most prominent moves towards federal regulation” of the insurance industry.“The legislation is intended to authorize and direct the...

Guarantee insurance is used by the state to solve some questions of consumer protection. To be specific it is insurance of tour operators against bankruptcy and insurance of employment agencies against bankruptcy. In both cases the insurance covers business risks of businesses and legal entities...

In recent years, it has become increasingly clear that Expected Utility Theory (EUT) is a remarkably poor theory of how and why individuals purchase insurance. However, the normative implications of this conclusion have remained largely unexplored. This Article takes up this issue. It argues...