This paper presents a theoretical and empirical analysis of the capacity of the U.S. property-liability insurance industry to finance major catastrophic property losses. The topic is important because catastrophic events such as the Northridge earthquake and Hurricane Andrew have raised...

This study examines the relationship between executive compensation of chief executive officers (CEOs) and firm performance in the insurance industry using a four-year sample from 1997 to 2000. In the first essay, the study makes use of single equation models to examine the effect of firm...