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Author: Felix Hufeld
Publisher: Oxford University Press
Published: 2017
Total Pages: 247
ISBN-13: 0198788819
DOWNLOAD EBOOKThe book brings together academics, regulators, and industry experts to provide a multifaceted array of research and perspectives on insurance, its role and functioning, and the potential systemic risk it could create.
Author: Eric Marsden
Publisher: FonCSI
Published: 2014-09-01
Total Pages: 57
ISBN-13:
DOWNLOAD EBOOKThis document provides a short literature review on the complementarity (and antagonisms) between liability rules, safety regulation and insurance and their effect on safety management. It draws on a range of disciplines, with a focus on economic analysis of law and regulation theory. Some of the issues discussed are rather complex; this document attempts to provide simple explanations together with references to the professional literature for the interested reader. Some issues are the subject of ongoing debate between scholars; in such situations, we have attempted to present the various points of view. The document provides background information concerning the topics discussed during the NeTWork'2012 workshop, and draws on some of the contributions of workshop participants and the rich discussion which took place during the three days. The first chapter presents issues related to regulation, starting with the classical economic justifications for state intervention (presence of externalities, information failures and moral hazard). A number of obstacles to the effectiveness of safety regulation are presented. Finally, some alternatives or complements to regulation, including self-regulation, are briefly discussed. The second chapter presents an overview of liability law, starting with some introductory definitions. Factors which weaken the effectiveness of liability as an incentive to invest in prevention are discussed, as are negative effects of liability regimes on safety management. A number of case studies illustrating the liability of regulators are briefly presented. Chapter 3 discusses the impact of insurance and reinsurance on firms' and individuals' safety management. The last chapter briefly analyzes firms and individuals' sources of motivation to take care.
Author: J. David Cummins
Publisher: Rowman & Littlefield
Published: 2004-06-23
Total Pages: 424
ISBN-13: 9780815798415
DOWNLOAD EBOOKOver the past two decades, the United States has successfully deregulated prices and restrictions on most previously-regulated industries, including airlines, trucking, railroads, telecommunications, and banking. Only a few industries remain regulated, the largest being the property-liability insurance business. In light of recent sweeping financial modernization legislation in other sectors of the insurance industry, this timely volume examines the basis for continued regulation of rates and forms of the U.S. property-liability insurance market. The book focuses on private passenger automobile insurance—the most important personal line of property-liability coverage, with annual premiums of about $120 billion. The authors analyze five state case studies: California, Massachusetts, and New Jersey—three of the most heavily regulated states—as well as Illinois, which has been deregulated for about 30 years, and South Carolina, which began to deregulate in 1997. The study also includes an econometric analysis based on all fifty states over a 25-year period that gauges the impact of regulation on insurance price levels, price volatility, and the proportion of automobiles insured in residual markets. The authors conclude that regulation does not significantly reduce long-run prices for consumers, and generally limits availability of coverage, reduces the quality and variety of services available in the market, inhibits productivity growth, and increases price volatility. Contributors include Dwight Jaffee (University of California, Berkeley), Thomas Russell (Santa Clara University ), Laureen Regan (Temple University), Sharon Tennyson (Cornell University), Mary Weiss (Temple University), John Worrall (Rutgers University), Stephen D'Arcy (University of Illinois, Urbana-Champaign), Martin Grace (Georgia State University), Robert Klein (Georgia State University), Richard Phillips (Georgia State University), Georges Dionne (University of Montreal), and Richard Butler (Brigham Young University).
Author: Lawrence D. Cluff
Publisher: DIANE Publishing
Published: 2000
Total Pages: 187
ISBN-13: 0788186701
DOWNLOAD EBOOKAuthor: OECD
Publisher: OECD Publishing
Published: 2010-05-06
Total Pages: 251
ISBN-13: 9264082921
DOWNLOAD EBOOKThis publication presents recent OECD papers on risk and regulatory policy. They offer measures for developing, or improving, coherent risk governance policies.
Author: Mark Kendall
Publisher: Globe Law and Business Limited
Published: 2012
Total Pages: 0
ISBN-13: 9781905783670
DOWNLOAD EBOOKFeaturing chapters from Uría Menéndez, Deneys Reitz Inc and Minter Ellison, this first edition covers key issues that can arise in relation to product regulation, recall, liability and insurance coverage in a number of jurisdictions in Europe, North America, South America and Asia.
Author: John S. Diaconis
Publisher:
Published: 2005
Total Pages: 0
ISBN-13: 9781402406157
DOWNLOAD EBOOKReinsurance Law minimizes that peril by showing you how to structure sound agreements more easily and inexpensively.
Author:
Publisher:
Published: 2021-11
Total Pages:
ISBN-13: 9781629803050
DOWNLOAD EBOOKAuthor: Georges Dionne
Publisher: Springer Science & Business Media
Published: 2013-04-17
Total Pages: 536
ISBN-13: 9401711682
DOWNLOAD EBOOKFor a number of years, I have been teaching and doing research in the economics of uncertainty, information, and insurance. Although it is now possible to find textbooks and books of essays on uncertainty and in formation in economics and finance for graduate students and researchers, there is no equivalent material that covers advanced research in insurance. The purpose of this book is to fill this gap in literature. It provides original surveys and essays in the field of insurance economics. The contributions offer basic reference, new material, and teaching supple ments to graduate students and researchers in economics, finance, and insurance. It represents a complement to the book of readings entitled Foundations of Insurance Economics - Readings in Economics and Finance, recently published by the S.S. Huebner Foundation of Insurance Education. In that book, the editors (G. Dionne and S. Harrington) disseminate key papers in the literature and publish an original survey of major contributions in the field.
Author: Georges Dionne
Publisher: Springer Science & Business Media
Published: 2000
Total Pages: 1012
ISBN-13: 9780792378709
DOWNLOAD EBOOKIn the 1970's, the research agenda in insurance was dominatedby optimal insurance coverage, security design, and equilibrium underconditions of imperfect information. The 1980's saw a growth oftheoretical developments including non-expected utility, pricevolatility, retention capacity, the pricing and design of insurancecontracts in the presence of multiple risks, and the liabilityinsurance crisis. The empirical study of information problems, financial derivatives, and large losses due to catastrophic eventsdominated the research agenda in the 1990's.The "Handbook of Insurance" provides a single reference source oninsurance for professors, researchers, graduate students, regulators, consultants, and practitioners, that reviews the research developmentsin insurance and its related fields that have occurred over the lastthirty years. The book starts with the history and foundations ofinsurance theory and moves on to review asymmetric information, riskmanagement and insurance pricing, and the industrial organization ofinsurance markets. The book ends with life insurance, pensions, andeconomic security.Each chapter has been written by a leading authority in insurance, allcontributions have been peer reviewed, and each chapter can be readindependently of the others.
