that parimutuel insurance intrinsically leads to participants being underinsured due to basis risk. Although participants … will be underinsured, parimutuel insurance guarantees no underlying risk borne by the issuer. We also derive the equivalent … transaction costs of traditional insurance relative to HuRLOs. The actual transaction cost for traditional insurance is found to …

from space, and investigate whether insurance claim payments for damaged residential property affected the local recovery … event, more than 95% of residential housing units were covered by insurance, but insurance payments were staggered over 5 … and describe the recovery’s determinants. We also find that insurance payments contributed significantly to the process of …