The regulatory stringency of New York insurance law, along with its extraterritorial application, makes it unique among state regulatory jurisdictions. This is the first study to simultaneously examine the relation between a broad array of firm-specific characteristics and the probability of being licensed in New York. We make predictions about expected characteristics of New York licensed life...

 Women at high risk for developing breast cancer.  Gene mutation carriers (BRCA 1 & 2)  1 degree relative of BRCA carrier, but untested  20-25% lifetime risk due to family history  Radiation to chest between ages 10-30 years  Women with a metastatic axillary node adenocarcinoma with an unknown primary.  Rare <1% breast cancers  Typically from ipsilateral breast and not identified on cli...

In the insurance market, the insurers who provide catastrophe insurance face with the risk of rare, but huge catastrophe claims. The introduction of catastrophe related securities into the marketplace provide the insurers the instruments to hedge some of the catastrophe risks they are facing. A catastrophe related security is tied to the prespecified catastrophe claims, while independent to oth...

PURPOSE Low- and middle-income countries are increasingly pursuing health financing reforms aimed at achieving universal health coverage. As these countries rapidly expand access to care, overburdened health systems may fail to deliver high-quality care, resulting in poor health outcomes. Public insurers responsible for financing coverage expansions have the financial leverage to influence the ...

Efforts to raise US health-care productivity have proceeded slowly, potentially due the fragmentation of payment across insurers. Each insurer’s efforts improve care could influence how doctors practice for other insurers, leading unvalued externalities. We study a randomized letter intervention by Medicare curtail overuse antipsychotics. The letters did not mention private insurance but reduce...

The insurance industry is known to have high operating expenses in the financial services sector. Insurers, investors and regulators are interested in models to understand the behavior of expenses. However, the current practice ignores skewness, occasional negative values as well as their temporal dependence. Addressing these three features, this paper develops a longitudinal model of insurance...

this paper talks about the measurement of efficiency and productivity of non-life insurance firms in india. this study is focused on twelve private non-life insurance firms and four public sector non-life insurance firms of india in the period 2008-09 to 2012-13. data envelopment analysis (dea) coupled with malmquist productivity index is used in measuring the efficiency as well as productivity...

Creation of electron-positron pairs near the pulsar surface and the parameters of plasma in pulsar magnetospheres are discussed. It is argued that the pair creation process is nonstationary, and the pair plasma that flows out from the pulsar environment is strongly nonhomogeneous and gathers into separate clouds. Plasma instabilities in the outflowing plasma are reviewed. The two-stream instabi...