In addition to premiums, investment income is one of the two main sources of capital for property-casualty (P/C) insurance companies. This study investigates short-term equity trading behavior of P/C insurers in the United States in 2007 and 2008, and finds that over 27 percent of non-group...

Though it is neither desirable nor likely that an emergency will materialize in North Korea in the near future, it is necessary to be prepared for such an abrupt incidence. This paper examines necessary measures to take in the case of a North Korean collapse. The policy goal of a potential...