The paper examines efficiency and productivity of US property-liability (P-L) insurers using data envelopment analysis (DEA). We estimate pure technical, scale, cost, revenue and profit efficiency over the period 1993-2011. Insurers' adjacent year total factor productivity changes and their...

This paper explores the evolution of the civil liability regime for insurance claims settlement disputes in the United States, and the ways in which it has affected the incidence of disputes and litigation of insurance claims. The paper first surveys the history of insurance bad faith legal...

Tort and civil liability reform has been a hotly debated issue across US states. This has spawned a large theoretical and empirical academic literature that evaluates the implications of such reform and the impact that it can have on various aspects of an economy. This study adds to that...