The determination of competitive of fair profit margins for the property-liability insurance industry is a controversial subject, especially because of the investment income. As is well known, investment income arises because of the lag between collection of premiums and payment of losses, and...

No-fault automobile insurance is a first-part coverage under which accident victims can recover up to certain limits for economic losses from their own insurers without regard to fault. On the other hand, a tort-liability compensation system is based on third-part coverage under which negligence...