Minimum asset and liability insurance requirements must often be met in order for parties to participate in potentially harmful activities. Such financial responsibility requirements may improve parties’ decisions whether to engage in harmful activities and, if so, their efforts to reduce risk. However, the requirements may undesirably prevent some parties with low assets from engaging in activ...

The goal of this article is to test whether the threat of regulating (or of more stringent regulation of) automobile liability insurance as portrayed in the popular and industry press induces insurers to change the way they price their policies. More to the point, using quarterly state data from 1984 to 1993, the author attempts to determine whether insurance companies reduced premium increases...

OBJECTIVE To analyze professional liability premiums in dermatology and factors associated with premium variation. DESIGN This study examines data from a survey of dermatologists conducted in 2004. RESULTS Survey respondents (n = 1095) reported mean medical liability premiums of $10,898 in 2004 (95% confidence interval, $10,295-$11,501). Premiums increased by 24.4% in 2003 and 16.7% in 2004...

We analyze the insurance of nuclear liability risk, from theoretical and applied standpoints. Firstly, we characterize optimal scheme for a low-probability industrial accident, such as catastrophe, in model collective risk-sharing. Using catastrophe bond data, then evaluate cost capital sustaining an mechanism. Finally, individual lotteries associated with risk accident France, estimate coverag...

This study aims to improve the disaster insurance system by examining issues related compulsory against social disasters, legal problems, and operational cases in major overseas countries. Korea operates about 30 types of insurance, but there is a lack prior reviews when introducing so continuously expanded. In addition, compared countries, contract method uniform management supervision are ins...