This paper studies the effects of company risk and guaranty funds on life insurance in force using company-by-state level data during the 1985-2010 period. Our primary objective is to use the variation in the timing of guaranty fund adoptions across states to identify the impact of public...

The severe hurricane seasons of 2004 and 2005 and the resulting losses are prompting insurers to reassess their risk and business strategies in Southeastern states. This article examines recent trends in the affected homeowners insurance markets and discusses how these markets are likely to...

In this paper, we evaluate state regulation of insurance markets subject to catastrophe risk and, more specifically, homeowners insurance and commercial property insurance. When insurers suffer substantial losses following a catastrophic event, pressures on property insurance markets can...