A new method is presented for cross-selling insurance products to existing customers of an insurance company. The method uses developments in multivariate credibility theory to define a set of customers for which the profitability for a cross-sale product k is predicted to be high. To assign to...

In 2003, Canada's federal prudential regulator modified the capital adequacy test for property/casualty insurers to better align regulatory surplus with firm risk. We explore the impact of this change on the level and determination of insurers' surplus holdings. We find that firms have not...

In July 2003, U. S. Senator Ernest “Fritz” Hollings (D - South Carolina) introduced the Insurance Consumer Protection Act of 2003, which is “[a]mong the most prominent moves towards federal regulation” of the insurance industry.“The legislation is intended to authorize and direct the...

This Article represents the first empirical study of the effects of bad-faith laws on claims decisionmaking by insurance companies. One of the most notable and debated developments in the law of tort and insurance since the 1970s has been the recognition in many states of an extracontractual...