We assemble and analyze a new data set of homeowner insurance claims from 28 independently operated country … subsidiaries of a multinational insurance company. A fundamental feature of the data is that such claims are often disputed, and … lead to rejections or lower payments. We propose a new model of insurance, in which consumers can make invalid claims and …

We design a novel insurance advice mechanism aimed at promoting trust and cooperation in markets with asymmetric … information. In a buyer-seller game, sellers are given the option to advise buyers on whether to purchase third-party insurance … cooperative and strategic sellers will advise buyers not to purchase the insurance. Once this advice has been given, strategic …

We assemble and analyze a new data set of homeowner insurance claims from 28 independently operated country … subsidiaries of a multinational insurance company. A fundamental feature of the data is that such claims are often disputed, and … lead to rejections or lower payments. We propose a new model of insurance, in which consumers can make invalid claims and …

portfolio theory) versus Paretian claims (industry practice) distributions using a normative algorithm. EBay's model viability … was analyzed under three risk metrics - mean-variance risk of classic portfolio theory; value at risk used in regulation …