Stutzer (1995): "A Theory of Mutual Formation and Moral Hazard with Evidence from the History of the Insurance Industry," Review of Financial Studies, 8(2), 545-577.Smith, B.D. and M. Stutzer, 1995, A Theory of Mutual Formation and Moral Hazard with Evidence from the History of the ...
After a large property loss, the insured and insurers of a hydroelectric power plant in North America became embroiled in subrogation to determine if the event could be characterized as an explosion. The subject insurance policy provided coverage for explosions, but excluded mechanical breakdowns. Anal...
英语翻译Economic environments have a profound effect on the growth of the insurance industry.History has shown that,although the performance of the insurance industry is closely linked to economic conditions,the life business has been able to sur
COFCO entered the insurance business and established Aviva-COFCO Life Insurance Co., Ltd. together with Aviva PLC, an UK Insurance company. To Build the Fully-Integrated Value Chain in the Industry COFCO implemented the strategy of building a fully-integrated value chain, making its main business...
One of Canada’s oldest P&C insurance companies, Economical Insurance is steps away from becoming the first Canadian mutual insurer to transition to public owner-ship. Steering the ship on this transforma-tional journey is president and CEO Rowan Saunders, who has thrived on change during the co...
and theinsurancebusiness are also significant. Newark is a transportation centre and a major East Coast distributing point. Newark International Airport is one of the world’s busiest, since it serves both Newark and the New York City area. The Port of Newark, started in 1915, is now leased...
Services are also important, and a number of insurance companies have their home offices or regional headquarters there. Britannica Quiz U.S. State Capitals Quiz North Carolina State University at RaleighHolladay Hall, North Carolina State University at Raleigh, North Carolina.(more) The city is ...
, when astronomer and mathematician Edmund Halley, best known today as the namesake of Halley's Comet, studied birth and death records in the city of Breslau for the purposes of calculating the price of life annuities. This gave rise to the use of mortality tables in the insurance industry....
With the rapid growth of insurance companies and insurance products in the late 19th century, the young industry was soon beset by fraud and dubious practices. Scandals ranged from companies that sold policies without having the capital to pay their claims (operating instead likePonzi schemes) to ...
As noted above, the Federal Insurance Office was established in 2010 to monitor the insurance industry. The federal government's move to create the agency was part of the sweeping reforms of the financial industry that came after the crisis, including the Dodd-Frank Act. Under Title V, the ...