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research stream examines Canadian directors' and officers' (D&O) insurance and finds that policy limits are positively … Canada differ on key issues relevant to securities litigation and D&O insurance. Thus, we predict and find that premiums … for disclosure of U.S. D&O insurance information, the usefulness of such disclosures may be limited because audit fees are …
Persistent link: https://www.econbiz.de/10012892061
We assess the capacity of the U.S. property-liability insurance industry and the efficiency of the state guaranty fund … over time under assumptions of increasing loss frequency and severity. We find that some attributes of insurance guarantees … present short-term problems for policyholders and create long-term challenges for competitive private insurance markets …
Persistent link: https://www.econbiz.de/10013491621
risk taking for 112 listed US insurance companies over 2003- 2010. Using OLS, system GMM and 3SLS, we find that board …
Persistent link: https://www.econbiz.de/10013084074
This paper investigates economies of scope in the US insurance industry over the period 1993-2006. We test the … firms to diversify by offering both life-health and property-liability insurance or to specialize in one major industry … realize both cost and revenue scope diseconomies. Hence, strategic focus is superior to conglomeration in the insurance …
Persistent link: https://www.econbiz.de/10013070065
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 …
Persistent link: https://www.econbiz.de/10009625918
Persistent link: https://www.econbiz.de/10003880531
We examine the relation between executive compensation and market-implied default risk for listed insurance firms from … extensive use of stock options leads to higher future default risk for insurance firms. We argue that this is because option …
Persistent link: https://www.econbiz.de/10013130368
This article examines the determinants of cyber insurance participation, the amount of coverage offered, and the … offer cyber insurance to capitalize on their competitive advantage in understanding and pricing cyber risks and to balance … their risks between investment and underwriting. We find limited evidence that insurers participate in cyber insurance to …
Persistent link: https://www.econbiz.de/10012864337
We investigate the effect of line-of-business diversification on asset risk-taking in the U.S. property-liability industry. The coordinated risk management hypothesis (Schrand and Unal, 1998) implies a negative relation between underwriting risk and investment risk. Consistent with this...
Persistent link: https://www.econbiz.de/10012830555
risk taking for 112 listed US insurance companies over 2003-2010. Using OLS, system GMM and 3SLS, we find that board …
Persistent link: https://www.econbiz.de/10013077148