Informational Asymmetries in Retroactive Insurance: 1. Introduction

On November 21, 1981 the MGM Grand Hotel in Las Vegas Nevada suffered a conflagration in which 85 people were killed and over 700 were injured. The estimated liabilities substantially exceeded MGM's insurance coverage. Within a few weeks MGM had purchased a liability insurance policy to cover r...

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Veröffentlicht in:	The Journal of risk and insurance 1987-12, Vol.54 (4), p.780
Hauptverfasser:	Venezian, Emilio C, Fields, Joseph A
Format:	Artikel
Sprache:	eng
Schlagworte:	Administrative expenses Arbitrage Costs Estimates Expected values Insurance coverage Insurance policies Investments Liability insurance Present value Purchasing Salvage value Settlements & damages Tax rates
Online-Zugang:	Volltext
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