This monograph presents the results of the first significant attempt to examine the nature of the demand for insurance against natural disasters at a detailed, microeconomic level. The subject is homeowners' multiperil insurance used to cover owner-occupied residential property. The analysis...

This paper studies the impact of lenders’ sensitivity to company risk on the extent of market discipline in life insurance during the 1985-2010 period. We find strong market discipline for young insurers but not for older insurers, supporting the strong influence of lenders’ trust attached...

This paper investigates how accounting rule reform affects the usage of conditional conservatism in the property-liability (P&L) insurance industry. More specifically, whether the accounting rule changes that strengthen the internal control over financial reporting and improve the financial...

This paper analyzes the demand for homeowners insurance in markets subject to catastrophe losses and where consumers have choices in configuring their coverage for catastrophe and non-catastrophe perils. We estimate the demand for homeowner insurance in Florida and New York using two-stage least...