insurance by strictly-risk averse agents and risk-neutral firms when they enjoy limited liability. When exposed to a bankrupting … decision to insure will depend on whether the benefits the insuree derives from insurance after having compensated the damaged …

risk. This paper focuses on the transmission of sovereign risk to insurance companies as some of the largest institutional … investors in the sovereign bond market. We use a firm level panel dataset that covers large insurance companies, banks and non … on European data, we show that risks in sovereign bond portfolios are an important driver of insurer risk, which is not …

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 addresses the issue of systemic risk in insurance and investigates how financial markets evaluate the … framework in reducing systemic risk in the insurance sector and curbing the moral hazard implications of a “too systemic to fail …

costs but also to natural disaster risks. Costly insurance and charity donation both lead to low insurance purchase. While …Prevention and insurance are studied in an urban model with spatial heterogeneity due not only to commuting transport … the former leads to high prevention, the latter leads tolow prevention. In the presence of charity, implementing insurance …

of ERM represents a radical paradigm shift from the traditional method of managing risks individually to managing risks … collectively allowing ERM-adopting firms to better recognize natural hedges, prioritize hedging activities towards the risks that …

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 …

macroprudential insurance regulation. …

provide evidence of decoupling of insurance rates from their underlying risks and identify regulation as a driving force … risks of households in high friction states. More broadly, our findings question whether insurance rates can play a useful …Homeowners’ insurance, a $15 trillion market by coverage, provides households financial protection from climate losses …