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Beskrivning
The eight essays in "Insurance, Risk Management, and Public Policy" encompass the economic and financial theory of insurance, insurer and corporate risk management, and insurance regulation. These essays should be of interest to researchers in the area of insurance economics, finance and risk management. Many of the essays may also be of interest to practitioners.
1 The Law of Large Numbers and the Strength of Insurance.- 2 Corporate Insurance, Reinvestment, and Capital Structure.- 3 Measuring the Interest Rate Risk of Property/Casualty Insurer Liabilities.- 4 Managing Domestic Versus Foreign Risks.- 5 Potential Price and Product Quality Changes for Insurance Delivered by Banks.- 6 Taxing Low Income Households in Pursuit of the Public Interest: The Case of Compulsory Automobile Insurance.- 7 The Effects of Shifting Medical Expense from PIP Auto Coverage to First Party Health Insurance.- 8 The Dark Side of Insurance.