underwriting risks both domestically and internationally. -- Insurance ; Portfolio Theory ; International Diversification … correlation in their assets (health, wealth, wisdom, i.e. skills), causing them to demand a great deal of insurance coverage …. Insurers on the other hand eschew positively correlated risks. It can be shown that insurance contributes to a reduction of …

This paper investigates the incentive effects of automobile insurance, compulsory insurance laws, and no … 1970-1998, a period in which many states adopted compulsory insurance regulations and/or no-fault laws. Using an … instrumental variables approach, we find evidence that automobile insurance has moral hazard costs, leading to an increase in …

settings. The method is illustrated using a multivariate panel of four accounting ratios for 28 large European insurance firms …

' trading behavior. The insurance industry provides a laboratory to explore these interactions: life insurers have greater …

' trading behavior. The insurance industry provides a laboratory to explore these interactions: life insurers have greater …

The determinants of insurance consumption have been extensively studied, yet spatial correlations are rarely considered … paramount importance in accurately assessing the impact of insurance consumption determinants …

transactions of non-agency RMBS by insurance companies from 2006 to 2009, we show that insurance companies that became more capital … at much lower prices than other insurance companies during the crisis …