This paper examines equity market responses to workplace homicides. Although previous research has examined the demographic, behavioral, and loss control aspects of workplace violence, as well as stock price reactions to large, non-operating losses, this is the first study to jointly consider...

Studies in the U.S. show that insurers that operate as exclusive writers have lower expense ratios than agency writers. In addition, exclusive and commodity writers dominate personal lines of insurance and agency writers dominate commercial lines. In contrast, Canadian agency writers dominate...

We consider a model in which risk-neutral firms purchase liability insurance to guarantee their warranty policies. We show that the firms that have no problem in fulfilling their warranty policies have strong incentives to purchase liability insurance. Firms purchase insurance because doing so...