Insurance : Residual Markets
In a normal competitive market, insurers are free to select from among people applying for insurance those drivers, property owners…
Reinsurance
Reinsurance is insurance for insurance companies. It is a way of transferring or “ceding” some of the financial risk insurance…
Insurance : Regulation
Insurance is regulated by the individual states. The move to modernize insur- ance regulation is being driven in part by…
No-Fault Auto Insurance and Other Auto Liability Systems
State auto liability insurance laws fall into four broad categories: no-fault, choice no-fault, tort liability and add-on. The major differences…
Microinsurance
A growing number of insurers are tapping into markets in developing countries through microinsurance projects, which provide low-cost insurance to…
The Liability System and Medical Malpractice Insurance Issues
Litigiousness has become a societal problem in the United States. The tort sys- tem cost $254.7 billion in 2008 in…
Insurance Fraud
The Insurance Information Institute estimates that fraud accounts for 10 percent of the property/casualty insurance industry’s incurred losses and loss…
Flood Insurance
Because of frequent flooding of the Mississippi River during the 1960s and the rising cost of taxpayer funded disaster relief…
Insurance : Financial and Market Conditions
Many forces affect the price, availability and security of the insurance product. Some are external, such as the state of…
Earthquakes: Risk and Insurance Issues
An earthquake is a sudden and rapid shaking of the earth caused by the break- ing and shifting of rock…