This research employed a two-sample t-test to examine the January effect in the U.S. insurance industry over the period 1980–1999. Results of the two-sample t-test indicate that the mean January returns are significantly higher than non-January returns, and January returns for smaller firms...

The purpose of this study is to present an economic analysis of the tax advantages of deductible and nondeductible IRAs under the 1986 Tax Reform Act. These advantages are compared to those offered by other pension plans. The results show that the tax advantages of deductible IRAs allow for...

The purpose of this study is to examine the effect of the October 17, 1989 California earthquake on the stock value of firms involved in the real estate industry. The impact of the earthquake on real estate-related stock prices is examined. The findings indicate that the earthquake conveyed...

This research examines quarterly excess returns for a property-liability (P&L) insurance stock portfolio over the period 1975-90. The excess portfolio returns are not correlated with the general business cycle. This study concludes that excess returns do occur during periods of increased...

This paper examines whether high insurance rates are possibly the result of an insurer’s discriminatory expense loading in heavily regulated insurance lines. The conclusion is, from a total expenses basis, that insurance companies are not unfairly loading expenses on heavily rate-regulated...