Recent Evidence on the Liability Crisis
This study examines the liability insurance crisis by analyzing market equity values over the time period 1982-1985. The results are related to claims of consumers concerning causes of the crisis and needed reforms. Hypotheses are developed and tested using the cumulative average residual approach....
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| Veröffentlicht in: | The Journal of risk and insurance 1988-09, Vol.55 (3), p.499-508 |
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| container_end_page | 508 |
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| container_issue | 3 |
| container_start_page | 499 |
| container_title | The Journal of risk and insurance |
| container_volume | 55 |
| creator | Lacey, Nelson J. |
| description | This study examines the liability insurance crisis by analyzing market equity values over the time period 1982-1985. The results are related to claims of consumers concerning causes of the crisis and needed reforms. Hypotheses are developed and tested using the cumulative average residual approach. The study finds no direct evidence to support the theory of collusion among property-liability insurance firms. In addition, the study finds that abnormal equity performance is not statistically related to movements in interest rates. |
| doi_str_mv | 10.2307/253258 |
| format | Article |
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The results are related to claims of consumers concerning causes of the crisis and needed reforms. Hypotheses are developed and tested using the cumulative average residual approach. The study finds no direct evidence to support the theory of collusion among property-liability insurance firms. In addition, the study finds that abnormal equity performance is not statistically related to movements in interest rates.</description><identifier>ISSN: 0022-4367</identifier><identifier>EISSN: 1539-6975</identifier><identifier>DOI: 10.2307/253258</identifier><language>eng</language><publisher>Malvern: American Risk and Insurance Association</publisher><subject>General liability insurance ; Insurance industry ; Insurance premiums ; Insurance providers ; Insurance underwriting ; Interest rates ; Liability insurance ; Life insurance ; Portfolio performance ; Property & casualty insurance ; Property liability insurance ; Regression analysis ; Returns ; Shorter Articles ; State court decisions ; Statistical analysis ; Studies ; Underwriting firms</subject><ispartof>The Journal of risk and insurance, 1988-09, Vol.55 (3), p.499-508</ispartof><rights>Copyright 1988 American Risk and Insurance Association, Inc.</rights><rights>Copyright American Risk and Insurance Association, Inc. 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| fulltext | fulltext |
| identifier | ISSN: 0022-4367 |
| ispartof | The Journal of risk and insurance, 1988-09, Vol.55 (3), p.499-508 |
| issn | 0022-4367 1539-6975 |
| language | eng |
| recordid | cdi_proquest_journals_226952763 |
| source | Jstor Complete Legacy; EBSCOhost Business Source Complete |
| subjects | General liability insurance Insurance industry Insurance premiums Insurance providers Insurance underwriting Interest rates Liability insurance Life insurance Portfolio performance Property & casualty insurance Property liability insurance Regression analysis Returns Shorter Articles State court decisions Statistical analysis Studies Underwriting firms |
| title | Recent Evidence on the Liability Crisis |
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