We develop a new method of assessing conditional conservatism using more detailed data available from the insurance …-liability (P&L) insurance companies. We also investigate how a change to accounting rules affects conditional conservatism. The P …&L insurance industry is a perfect setting for studying accruals because we have specific and detailed firm-year level information …

This paper provides an overview of research and debate over whether insurance poses systemic risk, with a focus on U ….S. life insurance. It considers the Financial Stability Oversight Council (FSOC) process for designating nonbank financial … adverse consequences of designating individual insurance entities for enhanced supervision, which favor an alternative …

We analyze an initiative by insurance regulators to reform capital regulations for mortgage-backed securities (MBS) by …

Homeowners’ insurance provides households financial protection from climate losses. To improve access and affordability …, state regulators impose price controls on insurance companies. Using novel data, we construct a new measure of rate setting … overcome pricing frictions by cross-subsidizing insurance across states. We show that in response to losses in high friction …

Homeowners’ insurance, a $15 trillion market by coverage, provides households financial protection from climate losses …. Insurance premiums (rates) are subject to significant regulations at a state level in the United States. Using novel data on … provide evidence of decoupling of insurance rates from their underlying risks and identify regulation as a driving force …

or during the previous recession. However, no life insurer in the sample belonging to a life insurance holding company … contrast, life insurance entities with poor and deteriorating performance but with no access to TARP funds received a smaller …

or during the previous recession. However, no life insurer in the sample belonging to a life insurance holding company … contrast, life insurance entities with poor and deteriorating performance but with no access to TARP funds received a smaller …