Download or read book Residual Markets Property Insurance written by Roger K. Kenney and published by . This book was released on 1995-03 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Residual Markets Property Insurance written by Roger Kenney and published by . This book was released on 1996-12 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Catastrophe Risk and the Regulation of Property Insurance Markets written by Patricia Born and published by . This book was released on 2016 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we evaluate state regulation of insurance markets subject to catastrophe risk and, more specifically, homeowners insurance and commercial property insurance. When insurers suffer substantial losses following a catastrophic event, pressures on property insurance markets can increase as insurers attempt to raise their prices and reduce their exposures. This can bring insurers into conflict with regulators who seek to maintain the affordability and availability of insurance. Some states may also use their residual market mechanisms as a means to provide subsidized coverage for high-risk properties. While these regulatory actions may seem well intended, the concern is that they can interfere with market adjustments and undermine the supply of private insurance. To gain some insight on these issues, we examine how state rate regulation and the relative size of state residual market mechanisms affect various outcomes in homeowners and commercial property insurance markets generally and specifically following a large catastrophe in a state. Our findings indicate that regulatory attempts to constrain rates and larger residual markets tend to have negative effects on certain outcomes in homeowners insurance markets, all other things equal. However, we do not find that these effects become more pronounced following a catastrophic event except for market concentration. Further work is needed to develop better ways of measuring how changes in catastrophe risk and rate regulation affect property insurance markets.

Download or read book Residual Markets Property Insurance 96 Data written by Roger Kenney and published by . This book was released on 1997-12 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Homeowners Strategy for FAIR and Residual Market Property Insurance Plans written by National Committee on Property Insurance (U.S.) and published by . This book was released on 1983 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Problem of Property Insurance in Urban America written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Housing and Urban Affairs and published by . This book was released on 1978 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Report of the Study Commission on Property Insurance and Reinsurance State of Florida written by Florida. Study Commission on Property Insurance and Reinsurance and published by . This book was released on 1993 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book America s Vanishing Coastlines written by and published by . This book was released on 1988 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Effectiveness of State Regulation written by United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises and published by . This book was released on 2003 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Comparative Analysis of Government Regulation of Property liability Insurance in Selected Countries and the United States written by Samuel H. Weese and published by . This book was released on 1980 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Deregulating Property Liability Insurance written by J. David Cummins and published by Rowman & Littlefield. This book was released on 2004-06-23 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past two decades, the United States has successfully deregulated prices and restrictions on most previously-regulated industries, including airlines, trucking, railroads, telecommunications, and banking. Only a few industries remain regulated, the largest being the property-liability insurance business. In light of recent sweeping financial modernization legislation in other sectors of the insurance industry, this timely volume examines the basis for continued regulation of rates and forms of the U.S. property-liability insurance market. The book focuses on private passenger automobile insurance—the most important personal line of property-liability coverage, with annual premiums of about $120 billion. The authors analyze five state case studies: California, Massachusetts, and New Jersey—three of the most heavily regulated states—as well as Illinois, which has been deregulated for about 30 years, and South Carolina, which began to deregulate in 1997. The study also includes an econometric analysis based on all fifty states over a 25-year period that gauges the impact of regulation on insurance price levels, price volatility, and the proportion of automobiles insured in residual markets. The authors conclude that regulation does not significantly reduce long-run prices for consumers, and generally limits availability of coverage, reduces the quality and variety of services available in the market, inhibits productivity growth, and increases price volatility. Contributors include Dwight Jaffee (University of California, Berkeley), Thomas Russell (Santa Clara University ), Laureen Regan (Temple University), Sharon Tennyson (Cornell University), Mary Weiss (Temple University), John Worrall (Rutgers University), Stephen D'Arcy (University of Illinois, Urbana-Champaign), Martin Grace (Georgia State University), Robert Klein (Georgia State University), Richard Phillips (Georgia State University), Georges Dionne (University of Montreal), and Richard Butler (Brigham Young University).

Download or read book Ensuring Availability written by and published by Insurance Information Inst. This book was released on 1994 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Residual Markets written by Alliance of American Insurers and published by . This book was released on 1991 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Residual Markets Automobile Insurance written by Roger K. Kenney and published by . This book was released on 1993-10 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Working with State Regulators to Increase Insurance Choices for Consumers written by United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises and published by . This book was released on 2004 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Public Interest Now in Property and Liability Insurance Regulation written by New York (State). Insurance Department and published by . This book was released on 1969 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Public Policy Considerations Concerning Insurance Bad Faith and Residual Market Mechanisms written by Chad G. Marzen and published by . This book was released on 2014 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: As insurance bad faith liability has evolved in the past four decades, liability for bad faith has not stopped with private insurance companies. In a number of states, state-sponsored insurance entities have been established to provide insurance coverage in residual markets where it is generally otherwise unavailable. The question of whether first-party insurance bad faith liability should be extended upon a state-run property insurer is an unresolved one in many jurisdictions. This paper contributes to the contemporary literature regarding bad faith in insurance by comprehensively analyzing the history of, the nature of the claims associated with, and public policies concerning the imposition of bad faith liability upon state-run property insurers. This paper makes its contribution by arguing that courts should not impose first-party bad faith liability on state-run property insurers who operate in the residual property insurance market.This paper begins by providing an overview of the role of residual insurance market entities of the state and federal governments. The second and third parts of the paper discuss the Oubre v. Louisiana Citizens Fair Plan case of the Louisiana Supreme Court and the Citizens Property Ins. Corp. v. San Perdido Assoc., Inc. litigation in Florida and their applicability concerning the immunity issue.The final part of the paper analyzes the policies and issues surrounding the holding of bad faith liability upon state-run property insurers. The first section of the final part examines the public policy considerations of reported cases which have addressed whether a state insurance guaranty association can be held liable for insurance bad faith claims. State insurance guaranty associations provide an appropriate comparison with state-run property insurers since bad faith claims have also been proferred against them. The second section of the final part discusses the policy rationales behind the bad faith remedy and the specific issue of the relationship between bad faith awards and assessments which are typically levied on most insurers. Finally, examining the case of Florida in particular, this paper examines the arguments concerning legislative intent on the conferral of immunity.