This chapter presents an overview of the US health insurance market, reviews health insurance research literature, and examines premiums, medical expenses, medical service utilization, and data envelopment analysis (DEA) efficiency measures of health insurers from different perspectives. Results...

The global financial crisis of 2007-2008 focused the attention of financial authorities on developing methods to forecast and avoid future financial crises of similar magnitude. We contribute to the literature on crisis prediction in several important ways. First, we develop an early warning...

In this study we develop a financial stability model of the insurance mechanism titled “The 4-Prong Model of the Integrated Insurance Mechanism for Financial stability.” The HIH insurance failure in 2001 in Australia provides a platform to examining the question “Is there connection...

This study describes the AIG model of operations prior to the conglomerate failure up to the point when the liquidity crisis triggered the massive bailout by the US government. It is a study designed to provide understanding of the key factors in the demise of AIG in relationship to systemic...

Market discipline examines the extent to which consumers and investors discipline misbehavior by financial institutions. Most previous studies have examined banks. In addition, the disciplinary function of consumers has been relatively neglected. This paper is the first to examine the...