We use data on households' deductible choices in auto and home insurance to estimate a structural model of risky choice …. Our main findings are robust to a variety of modeling assumptions. -- deductible ; loss aversion ; probability weighting …

European region reduces the regional GDP by 0.4%-0.6%; an average flood event in the U.S.A reduces the personal income by 0 ….3%-0.4%. Mandatory insurance regimes in Europe absorb the negative short-run effect of a flood, while the National Flood Insurance … Program (NFIP) in the U.S.A. mitigate the effects of a flood by about 50%. The results provide empirical foundation for the …

tightly regulated plans offered by private insurance firms. For most eligible individuals without coverage from other sources … conclusions about the role of risk aversion in the insurance decisions. …

tightly regulated plans offered by private insurance firms. For most eligible individuals without coverage from other sources … conclusions about the role of risk aversion in the insurance decisions. …

risk taking for 112 listed US insurance companies over 2003-2010. Using OLS, system GMM and 3SLS, we find that board …

This study examines the relation of incentives and risk taking for 104 listed U.S. insurance companies over 2006 …

risk taking for 112 listed US insurance companies over 2003- 2010. Using OLS, system GMM and 3SLS, we find that board …