correlation in their assets (health, wealth, wisdom, i.e. skills), causing them to demand a great deal of insurance coverage …. Insurers on the other hand eschew positively correlated risks. It can be shown that insurance contributes to a reduction of … insurance. Analyzing deviations from trend in aggregate insurance payments, one finds the following for the United States and …

This study empirically examines, in the setting of insurance companies, the hypothesis that investors facing more … from underwriting insurance policies affects insurers' risk taking behavior in their portfolio investments. We find that …