Insurance fraud, which adds an estimated $85 billion per year to the total insurance bill in the U.S., is an extremely serious problem for consumers, regulators, and insurance companies. This paper analyzes the effects of state legislation and market conditions on automobile insurance fraud from...

This study compares internal and external sources of capital in the insurance industry by analyzing reinsurance activity between affiliated and unaffiliated insurers. Tests are performed using data from a large sample of property-liability insurers that are affiliated with at least one other...

We exploit the transparency of internal capital markets within insurance groups to investigate the form and volume of internal capital market transactions within insurance groups and to determine the relative importance of internal capital market activity to the investment behavior of affiliated...

United States regulators and alien insurers are currently debating the appropriateness and efficacy of existing collateralization requirements. U.S. insurers are required to report the provision for reinsurance which decreases statutory assets to reflect the possibility that a portion of...

We exploit the transparency of internal capital markets (ICMs) within insurance groups to investigate the activity and efficiency of ICMs within insurance groups. Specifically, we compare the relationship between internal capital transfers and investment to that between capital from other...