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2008

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Institution
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Articles 1 - 19 of 19

Full-Text Articles in Insurance

Technical Analysis: The Interface Of Rational And Irrational Decision Making, William Martin Dec 2008

Technical Analysis: The Interface Of Rational And Irrational Decision Making, William Martin

Publications – Dreihaus College of Business

No abstract provided.


Technical Analysis: The Interface Of Rational And Irrational Decision Making, William Marty Martin Nov 2008

Technical Analysis: The Interface Of Rational And Irrational Decision Making, William Marty Martin

William Marty Martin

No abstract provided.


Reducing Losses From Catastrophic Risks Through Long-Term Insurance And Mitigation, Howard Kunreuther Jun 2008

Reducing Losses From Catastrophic Risks Through Long-Term Insurance And Mitigation, Howard Kunreuther

Operations, Information and Decisions Papers

No abstract provided.


International Strategic Alliance, Mohd Arif Jun 2008

International Strategic Alliance, Mohd Arif

Mohd Arif

A Strategic Alliance is a relationship between firms to creat more value than they can on their own


Tercer Congreso Nacional De Organismos Públicos Autónomos, Bruno L. Costantini García Jun 2008

Tercer Congreso Nacional De Organismos Públicos Autónomos, Bruno L. Costantini García

Bruno L. Costantini García

Tercer Congreso Nacional de Organismos Públicos Autónomos

"Autonomía, Reforma Legislativa y Gasto Público"


Moment Problems With Applications To Value-At-Risk And Portfolio Management, Ruilin Tian May 2008

Moment Problems With Applications To Value-At-Risk And Portfolio Management, Ruilin Tian

Risk Management and Insurance Dissertations

Moment Problems with Applications to Value-At-Risk and Portfolio Management By Ruilin Tian May 2008 Committee Chair: Dr. Samuel H. Cox Major Department: Risk Management and Insurance My dissertation provides new applications of moment theory and optimization to financial and insurance risk management. In the investment and managerial areas, one often needs to determine some measure of risk, especially the risk of extreme events. However, complete information of the underlying outcomes is usually unavailable; instead one has access to partial information such as the mean, variance, mode, or range. In Chapters 2 and 3, we find the semiparametric upper and lower ...


Contingent Claim Pricing With Applications To Financial Risk Management, Hua Chen May 2008

Contingent Claim Pricing With Applications To Financial Risk Management, Hua Chen

Risk Management and Insurance Dissertations

Contingent Claim Pricing with Applications to Financial Risk Management By Hua Chen 2008 Committee Chair: Samuel H. Cox and Shaun Wang Major Academic Unit: Department of Risk Management and Insurance This is a multi-essay dissertation designed to explore the contingent claim pricing theory with non-tradable underlying assets, with emphasis on its applications to insurance and risk management. In the first essay, I apply the real option pricing theory and dynamic programming methods to address problems in the area of operational risk management. Particularly, I develop a two-stage model to help firms determine optimal switching triggers in the event of an ...


Transparency Through Insurance: Mandates Dominate Discretion, Tom Baker Apr 2008

Transparency Through Insurance: Mandates Dominate Discretion, Tom Baker

Faculty Scholarship at Penn Law

This chapter describes how liability insurance has contributed to the transparency of the civil justice system. The chapter makes three main points. First, much of what we know about the empirics of the civil justice system comes from access to liability insurance data and personnel. Second, as long as access to liability insurance data and personnel depends on the discretion of liability insurance organizations, this knowledge will be incomplete and, most likely, biased in favor of the public policy agenda of the organizations providing discretionary access to the data. Third, although mandatory disclosure of liability insurance data would improve transparency ...


Self-Protection And Insurance With Interdependencies, Alexander Muermann, Howard Kunreuther Apr 2008

Self-Protection And Insurance With Interdependencies, Alexander Muermann, Howard Kunreuther

Operations, Information and Decisions Papers

We study optimal investment in self-protection of insured individuals when they face interdependencies in the form of potential contamination from others. If individuals cannot coordinate their actions, then the positive externality of investing in self-protection implies that, in equilibrium, individuals underinvest in self-protection. Limiting insurance coverage through deductibles or selling “at-fault” insurance can partially internalize this externality and thereby improve individual and social welfare.


Spoiled Brands: Protecting Your Company's Goodwill And Assets From Food Contamination Claims, Zachary S. Finn, Timothy Anderson, Donald Lund Apr 2008

Spoiled Brands: Protecting Your Company's Goodwill And Assets From Food Contamination Claims, Zachary S. Finn, Timothy Anderson, Donald Lund

Scholarship and Professional Work - Business

For most people, going to a restaurant ends with a sense of satisfaction and enjoyment, not sickness and the possibility of death. This is also true when purchasing products at a local grocery store. However, recent events have cast doubt on the safety of America’s food supply. The issue facing risk managers is how to reduce these escalating risks and manage any unfortunate outcomes. The cost of food contamination can be devastating to a business financially, and can result in both direct losses related to product recall expenses and indirect losses such as lost reputation and goodwill. By reducing ...


Using A Farmer's Beta For Improved Estimation Of Expected Yields, Miguel A. Carriquiry, Bruce Babcock, Chad E. Hart Apr 2008

Using A Farmer's Beta For Improved Estimation Of Expected Yields, Miguel A. Carriquiry, Bruce Babcock, Chad E. Hart

Economics Publications

Effects of sampling error in estimation of farmers' mean yields for crop insurance purposes and their implications for actuarial soundness are explored using farm- level corn yield data in Iowa. Results indicate that sampling error, combined with nonlinearities in the indemnity function, leads to empirically estimated insurance rates that exceed actuarially fair values. The difference depends on the coverage level, the number of observations used, and the participation strategy followed by farmers. A new estimator for mean yields based on the decomposition of farm yields into systemic and idiosyncratic components is proposed, which could lead to improved rate-making and reduce ...


The Walmart Effect: Retailing Of Health Care, William Martin Mar 2008

The Walmart Effect: Retailing Of Health Care, William Martin

Publications – Dreihaus College of Business

No abstract provided.


The Walmart Effect: Retailing Of Health Care, William Marty Martin Feb 2008

The Walmart Effect: Retailing Of Health Care, William Marty Martin

William Marty Martin

No abstract provided.


Providing Prescription Drug Coverage To The Elderly: America’S Experiment With Medicare Part D, Mark Duggan, Patrick Healy, Fiona S. Morton Jan 2008

Providing Prescription Drug Coverage To The Elderly: America’S Experiment With Medicare Part D, Mark Duggan, Patrick Healy, Fiona S. Morton

Health Care Management Papers

The federal government's Medicare program did not provide general prescription drug coverage for the first 40 years of its existence. Thus, more than 30 percent of the 44 million elderly and disabled beneficiaries of the program lacked insurance coverage for prescribed medications. The Medicare Prescription Drug, Improvement, and Modernization Act of 2003 established a voluntary outpatient prescription drug benefit known as Medicare Part D. This program took effect in 2006 and represents the largest expansion of an entitlement program since the start of Medicare itself. The design of Part D is of particular interest to economists for at least ...


A Single-License Approach To Regulating Insurance, Henry N. Butler, Larry E. Ribstein Jan 2008

A Single-License Approach To Regulating Insurance, Henry N. Butler, Larry E. Ribstein

Faculty Working Papers

State regulation of insurance companies has been criticized for many years because of the burden imposed on insurers by having to comply with the laws of many jurisdictions. These higher costs are passed on to consumers. The problems with the current regulatory structure are prompting calls for increased federal regulation of insurance. However, all proposals to federalize insurance regulation create opportunities for abuse at the hands of the federal government and fail to utilize the benefits of a federal system. This article shows how many of the problems of the current system can be addressed without resorting to a large ...


Controlling-Minority Shareholder Incentive Conflicts And Directors' And Officers' Liability Insurance: Evidence From China, Hong Zou, Man Lai, Sonia Wong, Chun Yau, Clement Shum, Jun Xiong, Jun Yan Jan 2008

Controlling-Minority Shareholder Incentive Conflicts And Directors' And Officers' Liability Insurance: Evidence From China, Hong Zou, Man Lai, Sonia Wong, Chun Yau, Clement Shum, Jun Xiong, Jun Yan

Staff Publications

This paper examines the demand for directors’ and officers’ liability insurance (D&O insurance) by Chinese listed companies where controlling-minority shareholder incentive conflicts are acute due to the concentrated and split ownership structure. We hypothesize and find evidence that the incidence of seeking D&O insurance is positively related to the extent of controlling-minority shareholder incentive conflicts – a finding not previously documented in the literature. Using an event study, we find that the announcements of D&O insurance decisions in firms that engage in earnings management, and/or are controlled by a local government (such firms tend to have stronger ...


Socially Responsible Investing: The United Nations Principles, William Martin Jan 2008

Socially Responsible Investing: The United Nations Principles, William Martin

Publications – Dreihaus College of Business

No abstract provided.


Embracing Risk, Sharing Responsibility, Tom Baker Jan 2008

Embracing Risk, Sharing Responsibility, Tom Baker

Faculty Scholarship at Penn Law

No abstract provided.


Socially Responsible Investing: The United Nations Principles, William Marty Martin Dec 2007

Socially Responsible Investing: The United Nations Principles, William Marty Martin

William Marty Martin

No abstract provided.