Evidence from the property-casualty insurance industry suggests that some insurers tend to settle quickly and out of court, while others vigorously defend all claims. A 1999 change in the National Association of Insurance Commissioners reporting standards now requires that U.S. insurers submit...

Whereas the literature evaluating the effect of tort reforms has focused on reported incurred losses, this paper examines the long run effects using a comprehensive sample by state of individual firms writing medical malpractice insurance from 1984-2003. The long run effects of reforms are...

This article examines federal court rulings that may limit an employer’s ability to impose organizational appearance policies/dress codes. We focus on allegations that such policies unlawfully discriminate against individual employees on thebasis of their race, religion, sex, or national...

In the 1980's, life insurers sold guaranteed investment contracts (GICs) to pension plan sponsors, then backed these contracts with portfolios heavily weighted with higher risk assets such as common stocks and junk bonds. Ultimately this caused considerable loss, and history has repeated itself...

We analyze abnormal premium growth surrounding changes in A.M. Best Company financial strength ratings for a large panel of property/casualty insurers during 1992-1999. Control group comparisons and regression estimates generally indicate economically and statistically significant premium...