two of New York City's fifteen banks. Life and Fire Insurance became the largest of the bankruptcies. In violation of New … insurance industry. These lending practices, based on an instrument known as a post note, were initially sound, but were later …

-affiliated U.S. property-casualty insurance companies from 1994. While it is generally assumed that affiliate support enhances the …

As a result of Solvency II, academics and practitioners anticipate further consolidation in the insurance industry as … generally aims to enhance the soundness of the insurance sector and its firms, policymakers should be aware of this merger … risk reducing. Consolidation can thus have a stabilizing effect on the insurance sector during market turmoil. Finally, the …

evaluation among public and private sector companies. Early detection and diagnosis of bankruptcy of insurance companies is much … variables and determine how they contribute to bankruptcy risk prediction, based on which the non-life insurance companies are …The previous performance evaluation studies towards non-life insurance companies emphasized on the comparative …

The variation in the degree of price regulation in the property-liability insurance market in Canada varies across time …

This paper investigates strategic brinksmanship between regulated property-liability insurance firms and their … regulators. Prior research suggests that firms increase their financial leverage, and thus their probability of bankruptcy and … expected bankruptcy costs, in order to mitigate the severity of binding price ceilings. Although financial leverage can be …

We develop a new method of assessing conditional conservatism using more detailed data available from the insurance … industry. We look at how conditional conservatism affects insolvency risk and the financial strength rating of property …-liability (P&L) insurance companies. We also investigate how a change to accounting rules affects conditional conservatism. The P …