Fair Rate Of Return In Property Liability Insurance PDF Download
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| Author | : J. David Cummins |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 164 |
| Release | : 2013-03-09 |
| Genre | : Business & Economics |
| ISBN | : 9401577536 |
Download Fair Rate of Return in Property-Liability Insurance Book in PDF, ePub and Kindle
Property-liability insurance rates for most lines of business are regulated in about one-half of the states. In most cases, this me ans that rates must be filed with the state insurance commissioner and approved prior to use. The remainder of the states have various forms of competitive rating laws. These either require that rates be filed prior to use but need not be approved or that rates need not be filed at all. State rating laws are summarized in Rand Corporation (1985). The predominant form of insurance rate regulation, prior approval, began in the late 1940s following the V. S. Supreme Court decision in United States vs. South-Eastern Underwriters Association, 322 V. S. 533 (1944). This was an anti trust case involving one of four regional associa tions of insurance companies, which constituted an insurance cartel. The case struck down an earlier decision, Paul vs. Virginia, 8 Wall 168 (1869), holding that the business of insurance was not interstate commerce and hence that state regulation of insurance did not violate the commerce clause of the V. S. Constitution. Following South-Eastern Underwriters, the Vnited States Congress passed the McCarran-Ferguson Act, which held that continued state regulation and taxation of insurance was in the public interest. The act also held that the federal antitrust laws would not apply to insurance to the extent that the business was adequately regulated by state law. (See V. S. Department of Justice 1977.
| Author | : J. David Cummins |
| Publisher | : |
| Total Pages | : |
| Release | : 1988 |
| Genre | : |
| ISBN | : |
Download Capital Structure and Fair Rate of Return in Property-liability Insurance Book in PDF, ePub and Kindle
| Author | : Maḥmūd Ḥassān |
| Publisher | : |
| Total Pages | : 181 |
| Release | : 1989 |
| Genre | : Liability insurance |
| ISBN | : |
Download Alternative Methods for Estimating the Fair-rate of Return in Property-liability Insurance Book in PDF, ePub and Kindle
| Author | : Robert Wayne Cooper |
| Publisher | : McGraw-Hill/Irwin |
| Total Pages | : 178 |
| Release | : 1974 |
| Genre | : Business & Economics |
| ISBN | : |
Download Investment Return and Property-liability Insurance Ratemaking Book in PDF, ePub and Kindle
| Author | : Herbert E. Goodfreind |
| Publisher | : |
| Total Pages | : 60 |
| Release | : 1970 |
| Genre | : Liability insurance |
| ISBN | : |
Download A Fair Return on Net Worth for the Property and Liability Insurance Industry Book in PDF, ePub and Kindle
| Author | : J. David Cummins |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 380 |
| Release | : 2012-12-06 |
| Genre | : Business & Economics |
| ISBN | : 9400925069 |
Download Financial Models of Insurance Solvency Book in PDF, ePub and Kindle
The First International Conference on Insurance Solvency was held at the Wharton School, University of Pennsylvania from June 18th through June 20th, 1986. The conference was the inaugural event for Wharton's Center for Research on Risk and Insurance. In atten dance were thirty-nine representatives from Australia, Canada, France, Germany, Israel, the United Kingdom, and the United States. The papers presented at the Conference are published in two volumes, this book and a companion volume, Classical Insurance Solvency Theory, J. D. Cummins and R. A. Derrig, eds. (Norwell, MA: Kluwer Academic Publishers, 1988). The first volume presented two papers reflecting important advances in actuarial solvency theory. The current volume goes beyond the actuarial approach to encom pass papers applying the insights and techniques of financial economics. The papers fall into two groups. The first group con sists of papers that adopt an essentially actuarial or statistical ap proach to solvency modelling. These papers represent methodology advances over prior efforts at operational modelling of insurance companies. The emphasis is on cash flow analysis and many of the models incorporate investment income, inflation, taxation, and other economic variables. The papers in second group bring financial economics to bear on various aspects of solvency analysis. These papers discuss insurance applications of asset pricing models, capital structure theory, and the economic theory of agency.
| Author | : S. Hun Seog |
| Publisher | : John Wiley & Sons |
| Total Pages | : 353 |
| Release | : 2010-03-15 |
| Genre | : Business & Economics |
| ISBN | : 140518552X |
Download The Economics of Risk and Insurance Book in PDF, ePub and Kindle
Written for advanced undergraduate and master’s level courses, this book builds from a base of asymmetric information issues to discuss a wide array of topics and is illustrated with some timely examples. Covers diverse issues such as risk aversion, expected utility, and moral hazard within the pure theory of insurance Provides a clear exposition of the necessary mathematics, a feature which cannot be found in readers on the topic Utilizes an undergraduate economics major level of math Uses the simplest economic models possible to keep the text intuitive Introduces more mathematically complex techniques such as basic optimization for students wishing to 'go further' in their analysis
| Author | : J. David Cummins |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 334 |
| Release | : 2012-12-06 |
| Genre | : Business & Economics |
| ISBN | : 9401138788 |
Download Managing the Insolvency Risk of Insurance Companies Book in PDF, ePub and Kindle
Two different applications have been considered, automobile claims from Massachusetts and health expenses from the Netherlands. We have fit 11 different distributions to these data. The distributions are conveniently nested within a single four parameter distribution, the generalized beta of the second type. This relationship facilitates analysis and comparisons. In both cases the GB2 provided the best fit and the Burr 3 is the best three parameter model. In the case of automobile claims, the flexibility of the GB2 provides a statistically siE;nificant improvement in fit over all other models. In the case of Dutch health expenses the improvement of the GB2 relative to several alternatives was not statistically significant. * The author appreciates the research assistance of Mark Bean, Young Yong Kim and Steve White. The data used were provided by Richard Derrig of The Massachusetts Automobile Rating and Accident Prevention Bureau and by Bob Van der Laan and The Silver Cross Foundation for the medical insurance claim data. 2~ REFERENCES Arnold, B. C. 1983. Pareto Distributions. Bartonsville: International Cooperative Publishing House. Cummins, J. D. and L. R. Freifelder. 1978. A comparative analysis of alternative maximum probable yearly aggregate loss estimators. Journal of Risk and Insurance 45:27-52. *Cummins, J. D., G. Dionne, and L. Maistre. 1987. Application of the GB2 family of distributions in collective risk theory. University of Pennsylvania: Mimeographed manuscript. Hogg, R. V. and S. A. Klugman. 1983. On the estimation of long tailed skewed distributions with actuarial applications.
| Author | : David F. Bradford |
| Publisher | : University of Chicago Press |
| Total Pages | : 218 |
| Release | : 2007-12-01 |
| Genre | : Political Science |
| ISBN | : 0226070328 |
Download The Economics of Property-Casualty Insurance Book in PDF, ePub and Kindle
The Economics of Property-Casualty Insurance presents new research and findings on key aspects of the economics of the property-casualty insurance industry. The volume explores the industrial organization, regulation, financing, and taxation of this business. The first paper, on external financing and insurance cycles, contains a wealth of information on trends and patterns in the industry's financial structure. The last essay, which compares performance of stock and mutual insurance companies, takes a fresh look at the way a company's organizational structure affects its responses to different economic situations. Two papers focus on rate regulation in the auto insurance industry, and provide broad overviews of the structure and economics of the insurance industry as a whole. Also addressed are the system of regulating insurance companies in the United States, who insures the insurers, and the effects of tax law changes in the 1980s on the prices of insurance policies.
| Author | : |
| Publisher | : John Wiley & Sons |
| Total Pages | : 2163 |
| Release | : 2008-09-02 |
| Genre | : Mathematics |
| ISBN | : 0470035498 |
Download Encyclopedia of Quantitative Risk Analysis and Assessment Book in PDF, ePub and Kindle
Leading the way in this field, the Encyclopedia of Quantitative Risk Analysis and Assessment is the first publication to offer a modern, comprehensive and in-depth resource to the huge variety of disciplines involved. A truly international work, its coverage ranges across risk issues pertinent to life scientists, engineers, policy makers, healthcare professionals, the finance industry, the military and practising statisticians. Drawing on the expertise of world-renowned authors and editors in this field this title provides up-to-date material on drug safety, investment theory, public policy applications, transportation safety, public perception of risk, epidemiological risk, national defence and security, critical infrastructure, and program management. This major publication is easily accessible for all those involved in the field of risk assessment and analysis. For ease-of-use it is available in print and online.
