A Survivor Test of the American Agency System of Distributing Property Liability Insurance

Roger Blair and Jill Herndon

International Journal of the Economics of Business, 1994, vol. 1, issue 2, 283-290

Abstract: In earlier work byjoskow and by Cummins and VanDerhei, the American Agency system of distribution has been deemed inefficient, i.e. excessively costly. We test this in a natural way by examining whether the system survives in competition with more efficient systems. We find that it survives, but is in steady decline.

Keywords: Insurance; Survivor principle, JEL classifications:G22,L22,M21, (search for similar items in EconPapers)
Date: 1994
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DOI: 10.1080/758516800

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