We find that common equity firms pay lower D&O insurance premiums than income trusts, an alternative and riskier …

Insurance pricing is subject to stricter regulation in some states than others. This cross-sectional variation, coupled … that managers manipulate accruals to mitigate adverse effects of rate regulation. We show that insurers understate their …

. One increasingly important insurance product associated with each of these issues is directors' and officers' (D …&O) liability insurance. Given the interconnectedness that exists between D&O insurance, corporate risk management, and corporate … changes in the marketplace allows for the testing of insurance demand patterns and enables us to offer insight into the market …

The paper presents a model of shareholders' decision to purchase Directors' and Officers' (D&O) insurance for their … directors. We consider the tradeoff between the “Governance Enhancing Effect” and the moral hazard effect of D&O insurance and … focus on the role of information in determining the optimal level of D&O insurance purchase. We show that the optimal level …

’s decisions unless they can form a majority to counter‐balance the CEO. It shows that D&O insurance does not change directors …

This thesis explores whether independent directors in the USA and Canada are effective in holding management …

population. There is a widespread perception that property insurance is the most efficient and economical way to protect against … financial losses caused by natural disasters. Regardless of this fact, in many countries in the world, insurance against natural … degrees of development and systems (Australia, Austria, the UK, the Caribbean, China, Romania, Russia, the USA, Spain, France …