Homeowners insurance must be priced in accordance with the insured risk and associated costs. Any legitimate insurance arrangement, public or private, must manage its exposure so that it can satisfy its claims obligations if a disaster occurs. Following the devastating hurricane season that...

What changes are affecting business education today? How are business schools responding to challenges and opportunities of the contemporary environment? We asked six business school leaders to share their thoughts with our readers. Each is a distinguished business educator and leader. They...

There is a conflict between the philosophies of United States (US) style capital regulation and that of the European Union (EU). While the conflict looks like it will not evolve into a real trade issue, there is a potential for misunderstanding of the pros and cons of the two systems. This paper...

There is a conflict between the philosophies of United States (US) style capital regulation and that of the European Union (EU). While the conflict looks like it will not evolve into a real trade issue, there is a potential for misunderstanding of the pros and cons of the two systems. This paper...

The financial market events in September 2008 seem unprecedented in modern times. While other systemically important events happened in the last thirty years affecting U.S. markets, the one month turmoil and government response is without equal. As a result, insurance industry economists have...