EconPapers    
Economics at your fingertips  
 

Details about John Cummins

E-mail:
Homepage:http://fic.wharton.upenn.edu/fic/
Phone:2158985644
Postal address:Wharton School 3641 Locust Walk Philadelphia, PA 19104
Workplace:Fox School of Business and Management, Temple University, (more information at EDIRC)

Access statistics for papers by John Cummins.

Last updated 2015-12-07. Update your information in the RePEc Author Service.

Short-id: pcu15


Jump to Journal Articles Books Chapters

Working Papers

2013

  1. Systemic Risk and Regulation of the U.S. Insurance Industry
    NFI Policy Briefs, Indiana State University, Scott College of Business, Networks Financial Institute Downloads View citations (7)

2008

  1. Insurance market dynamics: Between global developments and local contingencies
    Post-Print, HAL View citations (6)
    Also in Post-Print, HAL (2008) View citations (6)

    See also Journal Article in Risk Management and Insurance Review (2008)
  2. The Costs and Benefits of Reinsurance
    Cahiers de recherche, HEC Montréal, Institut d'économie appliquée Downloads View citations (4)

2007

  1. Handbook of international insurance. Between global dynamics and local contingencies
    Post-Print, HAL View citations (2)

2006

  1. Efficiency of Insurance Firms with Endogenous Risk Management and Financial Intermediation Activities
    Cahiers de recherche, HEC Montréal, Institut d'économie appliquée Downloads View citations (2)
    Also in Cahiers de recherche, CIRPEE (2006) Downloads View citations (8)

    See also Journal Article in Journal of Productivity Analysis (2009)

2004

  1. An Empirical Analysis of the Economic Impact of Federal Terrorism Reinsurance
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (32)
    See also Journal Article in Journal of Monetary Economics (2004)
  2. International Comparison of Interest Rate Guarantees in Life Insurance
    Discussion Papers, Norwegian School of Economics, Department of Business and Management Science Downloads View citations (6)

2002

  1. Catastrophic Events, Parameter Uncertainty and the Breakdown of Implicit Long-term Contracting in the Insurance Market: The Case of Terrorism Insurance
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads View citations (1)

2001

  1. Deregulation, Consolidation, and Efficiency: Evidence From the Spanish Insurance Industry
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads View citations (8)
    See also Journal Article in Journal of Money, Credit and Banking (2006)

2000

  1. Conglomeration Versus Strategic Focus: Evidence from the Insurance Industry
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads View citations (80)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1999) Downloads View citations (2)

    See also Journal Article in Journal of Financial Intermediation (2000)
  2. The Basis Risk of Catastrophic-Loss Index Securities
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads View citations (13)
    See also Journal Article in Journal of Financial Economics (2004)

1999

  1. Can Insurers Pay for the "Big One"? Measuring the Capacity of an Insurance Market to Respond to Catastrophic Losses
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads View citations (16)
    See also Journal Article in Journal of Banking & Finance (2002)
  2. The Incentive Effects of No Fault Automobile Insurance
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads View citations (6)
    See also Journal Article in Journal of Law and Economics (2001)

1998

  1. Analyzing Firm Performance in the Insurance Industry Using Frontier Efficiency Methods
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads View citations (20)
  2. Consolidation and Efficiency in the U.S. Life Insurance Industry
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads View citations (1)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (1998) View citations (15)

    See also Journal Article in Journal of Banking & Finance (1999)
  3. Derivatives and Corporate Risk Management: Participation and Volume Decisions in the Insurance Industry
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads View citations (17)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (1997) Downloads
  4. Organizational Form and Efficiency: An Analysis of Stock and Mutual Property-Liability Insurers
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads View citations (14)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (1998) View citations (2)
  5. Pricing Excess-of-loss Reinsurance Contracts Against Catastrophic Loss
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads View citations (21)
    See also Chapter (1999)
  6. Regulatory solvency prediction in property-liability insurance: risk-based capital, audit ratios, and cash flow simulation
    Working Papers, Federal Reserve Bank of Philadelphia Downloads View citations (21)

1997

  1. Comparison of Frontier Efficiency Methods: An Application to the U.S. Life Insurance Industry
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads View citations (12)
    See also Journal Article in Journal of Productivity Analysis (1998)

1996

  1. Corporate Hedging in the Insurance Industry: The Use of Financial Derivatives by U.S. Insurers
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads View citations (4)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (1996) Downloads View citations (6)
  2. Financial Pricing of Insurance in the Multiple Line Insurance Company
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads View citations (28)
  3. Productivity and Technical Efficiency in the Italian Insurance Industry
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads View citations (17)

1995

  1. The Coexistence of Multiple Distributions Systems for Financial Services: The Case of Property-Liability Insurance
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads View citations (3)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1995) View citations (12)

    See also Journal Article in The Journal of Business (1997)
  2. nsolvency Experience, Risk-Based Capital, and Prompt Corrective Action in Property-Liability Insurance
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads View citations (8)
    See also Journal Article in Journal of Banking & Finance (1995)

1993

  1. An Asian Option to the Valuation of Insurance Futures Contracts
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads View citations (1)
  2. The Tort System "Lottery" and Insurance Fraud
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (2)

1988

  1. APPLICATIONS OF THE GB2 FAMILY OF DISTRIBUTIONS IN THE MODELING INSURANCE LOSS PROCESSE
    Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ
    Also in Cahiers de recherche, Universite de Montreal, Departement de sciences economiques (1988) Downloads

    See also Journal Article in Insurance: Mathematics and Economics (1990)

1987

  1. Applications of the Gb2 Family of Probability Distributions in Collective Risk Theory
    Cahiers de recherche, Universite de Montreal, Departement de sciences economiques

1972

  1. A Comparison of Some Limited Information Estimators for Dynamic Simultaneous Equations Models with Autocorrelated Errors
    UCLA Economics Working Papers, UCLA Department of Economics Downloads
    See also Journal Article in Econometrica (1974)

Journal Articles

2015

  1. Mergers and Acquisitions in the Global Insurance Industry: Valuation Effects
    The Geneva Papers on Risk and Insurance - Issues and Practice, 2015, 40, (3), 444-473 Downloads View citations (2)

2014

  1. Introduction: Symposium on Convergence, Interconnectedness, and Crises: Insurance and Banking
    Journal of Risk & Insurance, 2014, 81, (3), 473-476 Downloads
  2. Systemic Risk and The U.S. Insurance Sector
    Journal of Risk & Insurance, 2014, 81, (3), 489-528 Downloads View citations (37)
  3. Systemic Risk and the Interconnectedness Between Banks and Insurers: An Econometric Analysis
    Journal of Risk & Insurance, 2014, 81, (3), 623-652 Downloads View citations (64)

2013

  1. Efficiency, productivity, and scale economies in the U.S. property-liability insurance industry
    Journal of Productivity Analysis, 2013, 39, (2), 141-164 Downloads View citations (14)

2010

  1. Economies of scope in financial services: A DEA efficiency analysis of the US insurance industry
    Journal of Banking & Finance, 2010, 34, (7), 1525-1539 Downloads View citations (46)
  2. Longevity bond premiums: The extreme value approach and risk cubic pricing
    Insurance: Mathematics and Economics, 2010, 46, (1), 150-161 Downloads View citations (14)
  3. Performance measurement in the financial services sector: Frontier efficiency methodologies and other innovative techniques
    Journal of Banking & Finance, 2010, 34, (7), 1413-1416 Downloads View citations (7)

2009

  1. Convergence of Insurance and Financial Markets: Hybrid and Securitized Risk‐Transfer Solutions
    Journal of Risk & Insurance, 2009, 76, (3), 493-545 Downloads View citations (73)
  2. Efficiency of insurance firms with endogenous risk management and financial intermediation activities
    Journal of Productivity Analysis, 2009, 32, (2), 145-159 Downloads View citations (6)
    See also Working Paper (2006)
  3. Market values and efficiency in US insurer acquisitions and divestitures
    Managerial Finance, 2009, 35, (2), 128-155 Downloads View citations (6)
  4. Securitization, Insurance, and Reinsurance
    Journal of Risk & Insurance, 2009, 76, (3), 463-492 Downloads View citations (30)

2008

  1. CAT Bonds and Other Risk‐Linked Securities: State of the Market and Recent Developments
    Risk Management and Insurance Review, 2008, 11, (1), 23-47 Downloads View citations (36)
  2. Dynamics of insurance markets: Structure, conduct, and performance in the 21st century
    Journal of Banking & Finance, 2008, 32, (1), 1-3 Downloads
  3. Hedging under counterparty credit uncertainty
    Journal of Futures Markets, 2008, 28, (3), 248-263 Downloads View citations (4)
  4. Insurance Market Dynamics: Between Global Developments and Local Contingencies
    Risk Management and Insurance Review, 2008, 11, (2), 295-326 Downloads View citations (8)
    See also Working Paper (2008)
  5. Mergers and acquisitions in the US property-liability insurance industry: Productivity and efficiency effects
    Journal of Banking & Finance, 2008, 32, (1), 30-55 Downloads View citations (47)

2007

  1. Reinsurance for Natural and Man‐Made Catastrophes in the United States: Current State of the Market and Regulatory Reforms
    Risk Management and Insurance Review, 2007, 10, (2), 179-220 Downloads View citations (6)
  2. Risky Loss Distributions and Modeling the Loss Reserve Pay-out Tail
    Review of Applied Economics, 2007, 03, (1-2), 23 Downloads View citations (4)

2006

  1. Deregulation, Consolidation, and Efficiency: Evidence from the Spanish Insurance Industry
    Journal of Money, Credit and Banking, 2006, 38, (2), 323-355 Downloads View citations (56)
    See also Working Paper (2001)
  2. Introduction: Special section on operational risk
    Journal of Banking & Finance, 2006, 30, (10), 2599-2604 Downloads View citations (1)
  3. Should the government provide insurance for catastrophes?
    Review, 2006, 88, (Jul), 337-380 Downloads View citations (18)
  4. The Economics of Insurance Intermediaries
    Journal of Risk & Insurance, 2006, 73, (3), 359-396 Downloads View citations (33)
  5. The Insurance Brokerage Industry Post‐October 2004
    Risk Management and Insurance Review, 2006, 9, (2), 89-108 Downloads View citations (1)
  6. The market value impact of operational loss events for US banks and insurers
    Journal of Banking & Finance, 2006, 30, (10), 2605-2634 Downloads View citations (55)

2005

  1. Convergence in Wholesale Financial Services: Reinsurance and Investment Banking
    The Geneva Papers on Risk and Insurance - Issues and Practice, 2005, 30, (2), 187-222 Downloads View citations (5)
  2. Estimating the Cost of Equity Capital for Property‐Liability Insurers
    Journal of Risk & Insurance, 2005, 72, (3), 441-478 Downloads View citations (21)
  3. Securitization of Life Insurance Assets and Liabilities
    Journal of Risk & Insurance, 2005, 72, (2), 193-226 Downloads View citations (47)

2004

  1. An empirical analysis of the economic impact of federal terrorism reinsurance
    Journal of Monetary Economics, 2004, 51, (5), 861-898 Downloads View citations (32)
    See also Working Paper (2004)
  2. The Demand for Insurance With an Upper Limit on Coverage
    Journal of Risk & Insurance, 2004, 71, (2), 253-264 Downloads View citations (23)
  3. The basis risk of catastrophic-loss index securities
    Journal of Financial Economics, 2004, 71, (1), 77-111 Downloads View citations (46)
    See also Working Paper (2000)
  4. The effect of organizational structure on efficiency: Evidence from the Spanish insurance industry
    Journal of Banking & Finance, 2004, 28, (12), 3113-3150 Downloads View citations (44)

2003

  1. Catastrophic Events, Parameter Uncertainty and the Breakdown of Implicit Long-Term Contracting: The Case of Terrorism Insurance
    Journal of Risk and Uncertainty, 2003, 26, (2-3), 153-78 Downloads View citations (25)
  2. Optimal Insurance with Divergent Beliefs about Insurer Total Default Risk
    Journal of Risk and Uncertainty, 2003, 27, (2), 121-38 Downloads View citations (19)
  3. Ownership Structure Changes in the Insurance Industry: An Analysis of Demutualization
    Journal of Risk & Insurance, 2003, 70, (3), 401-437 Downloads View citations (22)

2002

  1. Can insurers pay for the "big one"? Measuring the capacity of the insurance market to respond to catastrophic losses
    Journal of Banking & Finance, 2002, 26, (2-3), 557-583 Downloads View citations (34)
    See also Working Paper (1999)
  2. Capitalization of the Property-Liability Insurance Industry: Overview
    Journal of Financial Services Research, 2002, 21, (1), 5-14 Downloads View citations (11)
  3. Optimal Capital Utilization by Financial Firms: Evidence from the Property-Liability Insurance Industry
    Journal of Financial Services Research, 2002, 21, (1), 15-53 Downloads View citations (52)

2001

  1. The Incentive Effects of No-Fault Automobile Insurance
    Journal of Law and Economics, 2001, 44, (2), 427-64 Downloads View citations (19)
    See also Working Paper (1999)

2000

  1. Allocation of Capital in the Insurance Industry
    Risk Management and Insurance Review, 2000, 3, (1), 7-27 Downloads View citations (11)
  2. Conglomeration versus Strategic Focus: Evidence from the Insurance Industry
    Journal of Financial Intermediation, 2000, 9, (4), 323-362 Downloads View citations (68)
    See also Working Paper (2000)

1999

  1. Consolidation and efficiency in the US life insurance industry
    Journal of Banking & Finance, 1999, 23, (2-4), 325-357 Downloads View citations (68)
    See also Working Paper (1998)
  2. Organizational Form and Efficiency: The Coexistence of Stock and Mutual Property-Liability Insurers
    Management Science, 1999, 45, (9), 1254-1269 Downloads View citations (53)

1998

  1. Alternative Models for Estimating the Cost of Equity Capital for Property/Casualty Insurers
    Review of Quantitative Finance and Accounting, 1998, 10, (3), 235-67 Downloads View citations (1)
  2. Comparison of Frontier Efficiency Methods: An Application to the U.S. Life Insurance Industry
    Journal of Productivity Analysis, 1998, 10, (2), 131-152 Downloads View citations (70)
    See also Working Paper (1997)
  3. The rise of risk management
    Economic Review, 1998, 83, (Q 1), 30-40 Downloads View citations (8)

1997

  1. Price, Financial Quality, and Capital Flows in Insurance Markets
    Journal of Financial Intermediation, 1997, 6, (1), 3-38 Downloads View citations (81)
  2. The Coexistence of Multiple Distribution Systems for Financial Services: The Case of Property-Liability Insurance
    The Journal of Business, 1997, 70, (4), 515-46 Downloads View citations (66)
    See also Working Paper (1995)

1996

  1. Capital and risk in property-liability insurance markets
    Journal of Banking & Finance, 1996, 20, (6), 1069-1092 Downloads View citations (77)
  2. Moral Hazard in Insurance Claiming: Evidence from Automobile Insurance
    Journal of Risk and Uncertainty, 1996, 12, (1), 29-50 View citations (33)

1995

  1. Insolvency experience, risk-based capital, and prompt corrective action in property-liability insurance
    Journal of Banking & Finance, 1995, 19, (3-4), 511-527 Downloads View citations (34)
    See also Working Paper (1995)

1994

  1. Capital structure and the cost of equity capital in the property-liability insurance industry
    Insurance: Mathematics and Economics, 1994, 15, (2-3), 187-201 Downloads View citations (8)
  2. Tax management and investment strategies of property-liability insurers
    Journal of Banking & Finance, 1994, 18, (1), 43-72 Downloads View citations (14)

1993

  1. Measuring cost efficiency in the property-liability insurance industry
    Journal of Banking & Finance, 1993, 17, (2-3), 463-481 Downloads View citations (63)

1992

  1. Adverse Selection and Equilibrium in Liability Insurance Markets
    Journal of Risk and Uncertainty, 1992, 5, (3), 273-88 View citations (1)
  2. Controlling Automobile Insurance Costs
    Journal of Economic Perspectives, 1992, 6, (2), 95-115 Downloads View citations (32)
  3. Reinsurance and the Liability Insurance Crisis
    Journal of Risk and Uncertainty, 1992, 5, (3), 253-72 View citations (32)

1991

  1. The Effects of No Fault on Automobile Insurance Loss Costs
    The Geneva Papers on Risk and Insurance - Issues and Practice, 1991, 16, (1), 20-38 Downloads View citations (1)
  2. The structure, conduct, and regulation of the property-liability insurance industry
    Conference Series ; [Proceedings], 1991, 35, 117-164 Downloads View citations (8)

1990

  1. Applications of the GB2 family of distributions in modeling insurance loss processes
    Insurance: Mathematics and Economics, 1990, 9, (4), 257-272 Downloads View citations (30)
    See also Working Paper (1988)

1985

  1. Forecasting automobile insurance paid claim costs using econometric and ARIMA models
    International Journal of Forecasting, 1985, 1, (3), 203-215 Downloads View citations (3)

1984

  1. Some microeconomic evidence concerning the determinants of saving through private pension funds in the U.S
    Economics Letters, 1984, 15, (3-4), 351-356 Downloads

1981

  1. Portfolio Optimization Models for Property-Liability Insurance Companies: An Analysis and Some Extensions
    Management Science, 1981, 27, (4), 414-430 Downloads View citations (4)

1979

  1. A Note on the Relative Efficiency of Property-Liability Insurance Distribution Systems
    Bell Journal of Economics, 1979, 10, (2), 709-719 Downloads View citations (34)

1974

  1. A Comparison of Some Limited Information Estimators for Dynamic Simultaneous Equations Models with Autocorrelated Errors
    Econometrica, 1974, 42, (2), 311-32 Downloads
    See also Working Paper (1972)

Books

2009

  1. Catastrophe Risk Financing in Developing Countries: Principles for Public Intervention
    World Bank Publications, The World Bank Downloads View citations (29)

Chapters

1999

  1. Pricing Excess-of-Loss Reinsurance Contracts against Cat as trophic Loss
    A chapter in The Financing of Catastrophe Risk, 1999, pp 93-148 Downloads View citations (4)
    See also Working Paper (1998)

1975

  1. Federal Financial Exposure to Natural Catastrophe Risk
    A chapter in Measuring and Managing Federal Financial Risk, 1975, pp 61-92 Downloads
 
Page updated 2021-01-15