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Social and Behavioral Sciences

2001

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Full-Text Articles in Insurance

The Blue Foundation For A Healthy Florida Informational Update, The Blue Foundation For A Healthy Florida Oct 2001

The Blue Foundation For A Healthy Florida Informational Update, The Blue Foundation For A Healthy Florida

Florida Blue Archives Printed Materials

Corporate Strategy Committee October 30, 2001. Goals of the Presentation: Provide an informational update of The Blue Foundation’s results and budget, introduce “Caring Solutions in our Communities” video, and discuss connections to Public Confidence Strategy. Box 33, Folder 417


Ua3/9/5 Faculty Staff Convocation, Wku President's Office Aug 2001

Ua3/9/5 Faculty Staff Convocation, Wku President's Office

WKU Archives Records

Speech delivered by WKU president Gary Ransdell at fall convocation. He discusses enrollment, budget, tuition, salaries, insurance, administrative reorganization, legislative priorities, construction of Mass Media & Technology Hall and Guthrie Tower, engineering, economic development, information technology and capital campaign.


Systemic Risk In U.S. Crop And Revenue Insurance Programs, Chuck Mason, Dermot J. Hayes, Sergio H. Lence Mar 2001

Systemic Risk In U.S. Crop And Revenue Insurance Programs, Chuck Mason, Dermot J. Hayes, Sergio H. Lence

CARD Working Papers

This study estimates the probability density function of the Federal Risk Management Agency's (RMA) net income from reinsuring crop insurance for corn, wheat, and soybeans. Based on 1997 data, the authors estimate that there is a 5 percent probability that RMA will need to reimburse at least $1 billion to insurance companies, and that the fair value of RMA's reinsurance services to insurance firms equals $78.7 million. In addition, various hedging strategies are examined for their potential to reduce RMA's reinsurance risk. The risk reduction achievable by hedging is appreciable, but use of derivative contracts alone ...


Livestock Revenue Insurance, Chad E. Hart, Bruce A. Babcock, Dermot J. Hayes Jan 2001

Livestock Revenue Insurance, Chad E. Hart, Bruce A. Babcock, Dermot J. Hayes

CARD Working Papers

This study outlines several possible structures for livestock revenue insurance. The policies take the form of an exotic option—an Asian basket option. The actuarially fair premiums for these policies are equal to the prices of the options they represent. Due to the complexity of pricing Asian basket options, we have combined two techniques for pricing options to reach the actuarially fair premiums. Projected premiums, producer welfare, and program efficiency are evaluated for the insurance products and existing market tools. Using efficiency ratios and certainty equivalent returns, we compare the insurance policies to strategies involving existing futures and options.