Purpose – The purpose of this study is to investigate interest rate sensitivity of the US property/liability (P/L) insurers stock returns using various return generating process models incorporating different interest rate changes such as actual interest rate changes, unexpected interest rate...

Purpose – The purpose of this study is two-fold. The first purpose is to properly measure the level of US property and liability (P/L) insurers liquidity creation, applying the liquidity creation measure developed by Berger and Bouwman. The second purpose is to identify factors affecting P/L...

Purpose -The purpose of this paper is to investigate coexistence of multiple distribution systems in property-casualty (P/C) insurance industry in the USA. Design/methodology/approach -Stochastic frontier analysis is used to measure cost and revenue efficiencies of P/C insurance companies...

Purpose – The purpose of this paper is to investigate coexistence of multiple distribution systems in property‐casualty (P/C) insurance industry in the USA. Design/methodology/approach – Stochastic frontier analysis is used to measure cost and revenue efficiencies of P/C insurance...

Purpose – The purpose of this study is to investigate interest rate sensitivity of the US property/liability (P/L) insurers stock returns using various return generating process models incorporating different interest rate changes such as actual interest rate changes, unexpected interest rate...

Purpose – The purpose of this study is two‐fold. The first purpose is to properly measure the level of US property and liability (P/L) insurers liquidity creation, applying the liquidity creation measure developed by Berger and Bouwman. The second purpose is to identify factors affecting P/L...