This article reviews the most pertinent literature on the sources and uses of equity capital in the US property-casualty (P-C) insurance industry. P-C insurers serve risk management and risk-bearing functions in the economy. Insurers create diversified risk pools consisting of large numbers of...

This paper revisits the relationship between information risk and the cost of equity capital in the U.S. property-casualty (P/C) insurance industry. Eckles, Halek and Zhang (2014) find that information risk has no effect on the cost of equity using a sample of U.S. P/C insurers. Following their...

This paper reviews the most pertinent literature on the sources and uses of equity capital in the U.S. property-casualty (P-C) insurance industry. P-C insurers serve a risk management and risk bearing function in the economy. Insurers create diversified risk pools consisting of large numbers of...