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. …

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 …

provide evidence of decoupling of insurance rates from their underlying risks and identify regulation as a driving force …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 …

cycles; insurance price regulation; insurance company capital adequacy and capital regulation; the development of insurance … beginning of modern economic analysis of insurance activity. This chapter reviews the main theoretical and empirical … contributions in insurance economics since that time. The review begins with the role of utility, risk, and risk aversion in the …

reflected in current insurance regulation (incl. upcoming Solvency II in Europe). … 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 …

This paper addresses the issue of systemic risk in insurance and investigates how financial markets evaluate the … introduction of a new regulation addressed to global systemically important insurers (G-SIIs). We analysed the stock price … framework in reducing systemic risk in the insurance sector and curbing the moral hazard implications of a “too systemic to fail …

events, a public insurance policy with actuarially fair rates accounting for resilience investment and with full coverage …Prevention and insurance are studied in an urban model with spatial heterogeneity due not only to commuting transport … costs but also to natural disaster risks. Costly insurance and charity donation both lead to low insurance purchase. While …

staggered adoption of a climate risk disclosure regulation by U.S. states that made the disclosure mandatory for insurers …. Leveraging detailed data on insurers' investment portfolios, we document a decline in the proportion of carbon-intensive bonds in … to disclose. Our findings provide early evidence that climate risk disclosure affects insurers' investment decisions …