When Insurers Go Bust

Author : Guillaume Plantin,Jean-Charles Rochet
Publisher : Princeton University Press
Page : 111 pages
File Size : 50,8 Mb
Release : 2016-06-28
Category : Business & Economics
ISBN : 9780691170985

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When Insurers Go Bust by Guillaume Plantin,Jean-Charles Rochet Pdf

In the 1990s, large insurance companies failed in virtually every major market, prompting a fierce and ongoing debate about how to better protect policyholders. Drawing lessons from the failures of four insurance companies, When Insurers Go Bust dramatically advances this debate by arguing that the current approach to insurance regulation should be replaced with mechanisms that replicate the governance of non-financial firms. Rather than immediately addressing the minutiae of supervision, Guillaume Plantin and Jean-Charles Rochet first identify a fundamental economic rationale for supervising the solvency of insurance companies: policyholders are the "bankers" of insurance companies. But because policyholders are too dispersed to effectively monitor insurers, it might be efficient to delegate monitoring to an institution--a prudential authority. Applying recent developments in corporate finance theory and the economic theory of organizations, the authors describe in practical terms how such authorities could be created and given the incentives to behave exactly like bankers behave toward borrowers, as "tough" claimholders.

Author : Benjamin Richardson
Publisher : Kluwer Law International B.V.
Page : 418 pages
File Size : 55,8 Mb
Release : 2002-02-13
Category : Law
ISBN : 9789041117359

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Environmental Regulation Through Financial Organisations:Comparative Perspectives on the Industrialised Nations by Benjamin Richardson Pdf

This book takes a comparative perspective of practice in the European Union, North America, Japan and Australasia, arguing that existing legal reforms to promote sustainable development are unlikely to be successful unless environmental policy can be diffused and embedded in the financial services sector. This sector plays a crucial role in creating the financial conditions that allow much economic development to proceed. Financial markets are already highly regulated in pursuance of various public policy objectives, and there is scope to adapt existing regulation to incorporate environmental aspects into the financial services sector. In terms of specific reforms, the book focuses on the role of corporate environmental reporting, economic instruments and liability rules to provide a proper context for engaging financial organisations with the environment, as well as reforms to the system of prudential regulation that currently governs this sector. Beyond the focus on the financial services sector, the book raises complex questions regarding the relationship between the state and market institutions in environmental policy, and will appeal to scholars from a wide range of disciplines interested in problems of environmental governance.

Author : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Policy Research and Insurance
Publisher : Unknown
Page : 456 pages
File Size : 47,6 Mb
Release : 1992
Category : Business & Economics
ISBN : UCR:31210012241392

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H.R. 4731 and the Economic Impact of Insurance Company Insolvencies by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Policy Research and Insurance Pdf

Author : Anonim
Publisher : Unknown
Page : 184 pages
File Size : 45,7 Mb
Release : 1991
Category : Insurance
ISBN : PSU:000017575263

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A Descriptive Analysis of the Insurance Industry in the United States by Anonim Pdf

Author : Peter Zweifel,Roland Eisen,David L. Eckles
Publisher : Springer Nature
Page : 545 pages
File Size : 52,5 Mb
Release : 2021-10-05
Category : Business & Economics
ISBN : 9783030803902

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Insurance Economics by Peter Zweifel,Roland Eisen,David L. Eckles Pdf

Insurance Economics brings together the economic analysis of decision making under risk, risk management and demand for insurance among individuals and corporations, objectives pursued and management tools used by insurance companies, the regulation of insurance, and the division of labor between private and social insurance. Appropriate both for advanced undergraduate and graduate students of economics, management, and finance, this text provides the background required to understand current research. Predictions derived from theoretical arguments are not merely stated, but also related to empirical evidence. Throughout the book, conclusions summarize key results, helping readers to check their knowledge and comprehension. Issues discussed include paradoxes in decision making under risk and attempts at their resolution, moral hazard and adverse selection including the possibility of a “death spiral”, and future challenges to both private and social insurance such as globalization and the availability of genetic information. This second edition has been extensively revised. Most importantly, substantial content has been added to represent the evolution of risk-related research. A new chapter, Insurance Demand II: Nontraditional Approaches, provides a timely addition in view of recent developments in risk theory and insurance. Previous discussions of Enterprise Risk Management, long-term care insurance, adverse selection, and moral hazard have all been updated. In an effort to expand the global reach of the text, evidence and research from the U.S. and China have also been added.

Author : United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Oversight and Investigations
Publisher : Unknown
Page : 384 pages
File Size : 43,5 Mb
Release : 1991
Category : Business & Economics
ISBN : PSU:000019265070

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Insurance Company Regulation by United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Oversight and Investigations Pdf

Author : Guillaume Gorge
Publisher : Lulu.com
Page : 394 pages
File Size : 50,6 Mb
Release : 2016
Category : Insurance companies
ISBN : 9781300935452

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Insurance Risk Management and Reinsurance by Guillaume Gorge Pdf

"Risk being its raw material, insurance has developed various techniques of valuation and risk transfer. Nowadays, these techniques - and first of all reinsurance, the favourite way of transferring risk- are entirely reassessed considering the development of Corporate Finance theory. Therefore, the approach retained here, originally for the actuarial course at Ensae, Paris may surprise some readers and students as it proposes a extended view of risk. We cover not only the mathematical aspects of Risk Management but also other fields relevant for Risk Management from economy or finance. We aim here at making bridges between all these fields through practical application to cat and life risk-management."--

Author : J. Monkiewicz,M. Malecki,Marian Ma?ecki
Publisher : Springer
Page : 302 pages
File Size : 45,8 Mb
Release : 2014-11-04
Category : Business & Economics
ISBN : 9781137439109

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Macroprudential Supervision in Insurance by J. Monkiewicz,M. Malecki,Marian Ma?ecki Pdf

Macroprudential policies, tools and supervision have become important since the last financial crisis. This book addresses general and methodological issues and provides a framework for the analysis of macroprudential policies and supervision in insurance. It focuses on policy related issues and global level aspects of macroprudential in insurance.

Author : United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Commerce, Transportation, and Tourism
Publisher : Unknown
Page : 586 pages
File Size : 49,7 Mb
Release : 1987
Category : Liability insurance
ISBN : PSU:000012758593

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Liability Insurance Availability by United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Commerce, Transportation, and Tourism Pdf

Author : Francesco Parisi
Publisher : Oxford University Press
Page : 593 pages
File Size : 54,5 Mb
Release : 2017
Category : Business & Economics
ISBN : 9780199684205

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The Oxford Handbook of Law and Economics by Francesco Parisi Pdf

The Oxford Handbook of Law and Economics covers over one-hundred topics on issues ranging from law and neuroeconomics to European Union law and economics to feminist theory and law and economics. The book gathers together scholars and experts in law and economics to create the most inclusive and current work on law and economics. It begins at the origins of the field of law and economics, tracks its progression and increased importance to both law and economics, and looks to the future of the field and its continued development by examining a cornucopia of fields touched by work in law and economics.

Author : University of Chicago Law Review
Publisher : Quid Pro Books
Page : 580 pages
File Size : 44,8 Mb
Release : 2014-12-17
Category : Law
ISBN : 9781610278584

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University of Chicago Law Review: Volume 81, Number 4 - Fall 2014 by University of Chicago Law Review Pdf

The University of Chicago Law Review's 4th issue of 2014 features articles and essays from recognized legal scholars, as well as extensive student research. Contents include: Articles: • The Legal Salience of Taxation, by Andrew T. Hayashi • Tax-Loss Mechanisms, by Jacob Nussim & Avraham Tabbach • Regulating Systemic Risk in Insurance, by Daniel Schwarcz & Steven L. Schwarcz • American Constitutional Exceptionalism Revisited, by Mila Versteeg & Emily Zackin Comments: • Bursting the Speech Bubble: Toward a More Fitting Perceived-Affiliation Standard, by Nicholas A. Caselli • Payments to Not Parent? Noncustodial Parents as the Recipients of Child Support, by Emma J. Cone-Roddy • Too Small to Fail: A New Perspective on Environmental Penalties for Small Businesses, by Nicholas S. Dufau • Understanding Equal Sovereignty, by Abigail B. Molitor • "Widespread" Uncertainty: The Exclusionary Rule in Civil-Removal Proceedings, by Michael J. O’Brien • Clogged Conduits: A Defendant's Right to Confront His Translated Statements, by Casen B. Ross • "Integral" Decisionmaking: Judicial Interpretation of Predispute Arbitration Agreements Naming the National Arbitration Forum, by Daniel A. Sito Volume 81, Number 4 also features Review Essays by Lisa Bernstein, Avery W. Katz, and Eyal Zamir, analyzing three recent books on contract law and theory.

Author : Shib Pada Patra,Siddhartha Sankar Saha,Mitrendu Narayan Roy
Publisher : Springer Nature
Page : 202 pages
File Size : 40,6 Mb
Release : 2022-07-20
Category : Business & Economics
ISBN : 9789811927997

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Investment Pattern of LICI and Select Private LICs in the Post-reforms Era in India by Shib Pada Patra,Siddhartha Sankar Saha,Mitrendu Narayan Roy Pdf

The book examines the trends of premium collection and investment portfolio of LICI and selected private life insurers in India in order to compare their performances. Life insurance organizations in India are significant financial institutions in the Indian financial system and play a major role in mobilizing insurance premium from the household sectors and investing it in the financial markets for productive purposes. The book aims to assist life insurance companies in evaluating their performance in terms of their premium mobilization and investment in Government and other approved securities, infrastructure securities, securities approved by the Insurance Regulatory and Development Authority of India (IRDAI) and other than approved securities as per the provision of IRDA (Investment) (Fifth Amendment) Regulation, 2013. Against this backdrop, the theme of the book is particularly relevant because life insurance companies play a vital role in channelizing small savings into productive sector investment to promote economic development of the nation.

Author : Clark Howard,Mark Meltzer,Theo Thimou
Publisher : Penguin
Page : 274 pages
File Size : 45,8 Mb
Release : 2011-08-02
Category : Reference
ISBN : 9781101529300

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Clark Howard's Living Large in Lean Times by Clark Howard,Mark Meltzer,Theo Thimou Pdf

Clark Howard is a media powerhouse and penny-pincher extraordinaire who knows a thing or two about money. A lifelong entrepreneur who is now the hugely popular host of a talk radio program and television show and the bestselling author of several books, Clark consistently delivers expert financial advice to his wide and devoted fan base. Living Large in Lean Times is Clark's ultimate guide to saving money, covering everything from cell phones to student loans, coupon websites to mortgages, investing to electric bills, and beyond. In his candid and friendly next-door-neighbor manner, Clark shares the small, manageable steps everyone can follow to build a path towards independence and wealth. Chock-full of more than 250 invaluable tips, the book outlines how to: Locate missing and unclaimed money in your name Lower your student loan payment Find legitimate work-at-home opportunities Get unlimited texting and e-mailing for less than $10 per month Know what personal info not to post to social media sites Determine the best mortgage rate, and much, much more As Clark demonstrates, there are myriad ways to reduce debt, buy smarter, and build a future. Follow his lead and he'll get you there.

Author : Jakob de Haan,Sander Oosterloo,Dirk Schoenmaker
Publisher : Cambridge University Press
Page : 497 pages
File Size : 55,8 Mb
Release : 2012-06-28
Category : Business & Economics
ISBN : 9781107025943

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Financial Markets and Institutions by Jakob de Haan,Sander Oosterloo,Dirk Schoenmaker Pdf

Second edition of a successful textbook that provides an insightful analysis of the world financial system.

Author : John Lowry,P J Rawlings,Rob Merkin QC
Publisher : Bloomsbury Publishing
Page : 469 pages
File Size : 45,7 Mb
Release : 2011-09-01
Category : Law
ISBN : 9781847317698

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Insurance Law by John Lowry,P J Rawlings,Rob Merkin QC Pdf

The third edition of Insurance Law: Doctrines and Principles follows the widely acclaimed first and second editions. It provides a detailed examination of the developing law of insurance, combining exposition of the law with critical analysis. The book is designed with the needs of undergraduate and postgraduate students in mind. The text is enhanced by extensive citations to case law and academic commentaries, making the book ideal for students, scholars and practitioners alike. This new edition reflects the many changes that have occurred in the law of insurance since the second edition was published in 2005. The book is divided into two parts. Part I considers the regulation of insurance business and the general principles underlying the law of insurance contracts. Part II examines the way in which these principles are shaped by the particular insurance context in which they operate. The book is readable and authoritative, with a sound grasp of the realities of insurance practice; it is well sourced and generous with supplementary points. 'Lowry & Rawlings is a welcome addition to the ranks of insurance law textbooks and a serious contender for the student readership in this field.' Nicholas Legh-Jones QC, Lloyds Maritime Commercial Law Quarterly 'I recommend the book for undergraduate use, and as a starting point for postgraduate use. The book is well written and full of clear explanations of a difficult field of the law.' Neil Campbell, Law Quarterly Review '...can be warmly recommended for purchase or use by lecturers and students in the subject.' Dennis Dowding, The Law Teacher '...a very useful text on insurance law ... an eminently readable, good and critical book. It is clearly of the highest calibre.' Reuben Hasson, Canadian Business Law Journal