Rate Regulation, Safety Incentives, and Loss Growth in Workers' Compensation Insurance

Workers' Compensation Insurance and Occupational Injuries

OBJECTIVES Although compensation for occupational injuries and diseases is guaranteed in almost all nations, countries vary greatly with respect to how they organize workers' compensation systems. In this paper, we focus on three aspects of workers' compensation insurance in Organization for Economic Cooperation and Development (OECD) countries - types of systems, employers' funding mechanisms,...

Executive Compensation, Supervisory Incentives, and Banking Regulation

This paper analyzes the optimal design of banking regulation when three layers of agency conflicts between society and banks, society and supervisors, and bank owners and managers are present. We argue that regulatory rules, supervisory incentives, and managerial compensation form an interdependent nexus. Since managerial incentives reveal information about banks’ operating policies comprehensi...

Micro-Level Loss Reserving Models with Applications in Workers Compensation Insurance

Accurate loss reserves are essential for insurers to maintain adequate capital and to efficiently price their insurance products. Loss reserving for Property & Casualty (P&C) insurance is usually based on macro-level models with aggregate data in a run-off triangle but many limitations exist in these models despite of their simplicity. A run-off triangle is a summary of underlying individual cl...

Reassessing the relationship between disability insurance and workers' compensation.

Twenty-four-hour coverage and workers' compensation insurance.

Workers' compensation insurance provides cash benefits and health care for workers who are injured on the job. This DataWatch considers the costs and benefits of combining the health insurance component of workers' compensation with universal health insurance, creating a twenty-four-hour coverage plan. The paper documents a large potential savings from twenty-four-hour coverage: Workers' compen...