The Efficient Liability Sharing Factor For Environmental Disasters: Lessons For Optimal Insurance Regulation [PDF]
Using a structural model of the interactions between governments, firms and insurance companies, we characterise the distortions in environmental liability sharing between firms and insurance companies that the imperfect implementation of government ...
Donatella Porrini, Marcel Boyer
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A Stochastic Linear Programming Model for Asset Liability Management: The Case of an Indian Insurance Company [PDF]
Asset - Liability management is one of the most critical tasks for any financial institution for determining its cushion against the risk and the net returns.
Basu Shankarshan +3 more
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Regulatory solvency prediction in property-liability insurance: risk-based capital, audit ratios, and cash flow simulation [PDF]
This paper analyzes the accuracy of the principal models used by U.S. insurance regulators to predict insolvencies in the property-liability insurance industry and compares these models with a relatively new solvency testing approach--cash flow ...
J. David Cummins +2 more
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Liability, insurance and defensive medicine: new evidence [PDF]
For the first time, we test for effects of liability on hospital care using measures of current perceptions of litigation risk at hospital level; in particular, the risk-sharing arrangements agreed between hospitals and their insurers.
Paul Fenn, Neil Rickman, Alastair Gray
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From Pigou to Extended Liability: On the Optimal Taxation of Externalities Under Imperfect Financial Markets [PDF]
, 2010 Pigovian taxation of externalities has limited appeal if the tortfeaser has insufficient resources to pay the damage when it occurs. To defend Pigovian taxation in the presence of judgement-proof agents, its proponents point at the many institutions ...
JEAN TIROLE, TIROLE, Jean
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Risk, Informational Asymmetry and Product Liability; An enquiry into conflicting objectives [PDF]
Risky products cause two types of costs for society; the accident costs and the insurance costs. Liability rules allocate these costs between the parties involved.
Ram Singh
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Protecting Directors and Officers from Liability Arising from Aggressive Earnings Management [PDF]
A lingering topic in corporate governance is whether corporate directors should be protected against shareholder lawsuits and whether such protection reduces the incentives of directors to monitor appropriately the behaviour of corporate officers.
M. Martin Boyer, Amandine Hanon
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Plan and methods of the Employers Mutual Liability Insurance Co.
, 1913 Cover title.Mode of access ...
Employers Mutual Liability Insurance Company of Wisconsin.
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Efficiency of Insurance Firms with Endogenous Risk Management and Financial Intermediation Activities [PDF]
Risk management is now present in many economic sectors. This paper investigates the role of risk management in creating value for financial institutions by analyzing U.S. property-liability insurers.
J. David Cummins +3 more
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Hazardous Activities and Civil Strict Liability: The Regulator’s Dilemma [PDF]
This paper addresses the conditions for setting up strict civil liability schemes. For that it compares the social efficiency of two main civil liability regimes usually enforced to protect the environment: the strict liability regime and the “capped ...
Gérard Mondello
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