Journal of Insurance Issues

1985 - 2024

Current editor(s): James Barrese

From Western Risk and Insurance Association
Bibliographic data for series maintained by James Barrese ().

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Volume 47, issue 1, 2024

Capital Structure and Financing in the Health Insurance Industry: Evidence from the Affordable Care Act pp. 1-34

Evan M. Eastman, Joshua D. Frederick and J. Bradley Karl

Board Ethnic Diversity and Risk in Insurance Companies pp. 35-77

Olga Kanj, Mary Kelly and M. Fabricio Perez

Churn Modeling of Life Insurance Policies Via Statistical and Machine Learning Methods: Analysis of Important Features pp. 78-117

Andreas Groll, Carsten Wasserfuhr and Leonid Zeldin

How Cyber Model Vendors See Their Role in Closing the Cyber Insurance Protection Gap pp. 118-134

Tom Johansmeyer

Volume 46, issue 1, 2023

Evidence from Publicly Traded Insurance Firms of a Non-Linear Relation Between Liquidity and Reinsurance pp. 1-29

Nicos Scordis

Pension Literacy Is Different pp. 30-72

Martin Eling and Christoph Jaenicke

The Persistence of Uninsured Motorists: The Impact of Undocumented Immigrants and Driver’s Licenses pp. 73-99

Risa Kumazawa and Tim Query

Pandemics and the Individual Life Insurance Market: Evidence of the Impact of COVID-19 pp. 100-145

Cassandra Cole and Stephen Fier

Volume 45, issue 2, 2022

As of May 2022, the Covid-19 pandemic records over 1 million deaths in the United States. Pertinent to the reported number of deaths, it is questioned whether life insurance firms gained or lost from those incidences. This paper pursues an event study that examines life insurer share price behaviors by the announcements reporting the cumulative death numbers when they reach a certain threshold. We find that life insurers’ share prices drop with every announcement. Specifically, our analysis finds evidence for the support of the damage hypothesis based on two competing hypoth-eses in the insurance literature: damage and revenue hypothesis. Our post-analysis also finds that the pandemic penalized overvalued firms and discouraged dividend cash spending pp. 1-26

Seongsu David Kim, Swarn Chatterjee and Joseph D. Haley

Did Insurance Company Insiders Anticipate the 2007–2009 Financial Crisis and Recovery after Government Intervention? Evidence from Insider Trades pp. 26-57

Partha Gangopadhyay, Ken C. Yook and William C. Hudson

Life Insurance Ownership Among Seniors—A Perspective of Spousal Quality Among the Elderly pp. 58-81

Yuanshan Cheng, Philip Gibson, Tao Guo and Yanine Sam

CapSolve: A Solvency Assessment and Prediction Framework for Workers’ Compensation Captive Insurance Companies pp. 82-113

Lu Xiong and Don Hong

Volume 45, issue 1, 2022

Formulating Policy for Bancassurance Activities Using Evidence from the U.S. Financial Market pp. 1-27

Ahmed S. Abdelzaher and Patricia Born

Association between Nongroup Health Insurance and Health Outcomes pp. 28-52

Nour Kattih

The Effects of Microinsurance on the Insurance Market: A Theoretical Analysis pp. 53-85

Shirley J. Ho and Hsiu Hao Hsu

The Influence of Natural Disasters on the Take-up Rates for Flood Insurance in Texas—A Panel Approach pp. 86-104

Mark Evers, Charlene Kalenkoski and Michael Guillemette

Volume 44, issue 2, 2021

The Key Factors to Promote the Pay-As-You-Drive Insurance in Taiwan pp. 1-30

Marzieh Khakifirooz, Mahdi Fathi, Jei-Zheng Wu and Kuan Yu

Optimal Insurance Coverage with Default Risk pp. 31-44

Liang Hong, Zhiqiang Yan and Boyi Zhuang

A Dynamic Analysis on Research and Development Performance and Market Competitiveness of the Taiwanese Life Insurance Industry pp. 45-64

Guan-Chih Chen, Ling-Yu Hsiung and Hsing-Jung Lai

The Effect of Default Risk, Price, and Tax on Demand and Consumer Surplus: An Example Used in the Insurance Industry pp. 65-86

Hong Mao and Zhongkai Wen

Volume 44, issue 1, 2021

A.M. Best Ratings Outlooks and Financial Strength Ratings Changes pp. 1-37

Jill M. Bisco, Stephen G. Fier and Ashley Holder

Foreign Direct Investment and the Supply of Life Insurance in Emerging Countries pp. 38-64

James M. Carson, Pei-Han Chen and J. François Outreville

Optimal Replacement and Investment Strategy in a Defined Benefit Pension Plan with Cyclically Changing Economic Environment pp. 65-89

Hong Mao and Zhongkai Wen

The Power of Suggestion: Automatic Enrollment and Employee Health Insurance Coverage Take-Up Rates pp. 90-107

Nour Kattih, Fady Mansour and Franklin Mixon

Volume 43, issue 2, 2020

Enterprise Risk Management Adoption and Managerial Incentives pp. 1-42

Muhammed Altuntas, Thomas R. Berry-Stölzle and Robert E. Hoyt

The Impact of Market Power and Economies of Scale on Large Group Health Insurer Profitability pp. 43-63

Patricia H. Born, Linda Hughen and E. Tice Sirmans

InsurTech and the Disruption of the Insurance Industry pp. 64-96

Faith Roberts Neale, Pamela Peterson Drake and Theodoros Konstantopoulos

Volume 43, issue 1, 2020

A New Measure of Insurer Franchise Value pp. 1-21

Yayuan Ren

The Impact of Capacity on Price and Productivity Change in Insurance Markets: New Firm-Level Evidence pp. 22-58

Martin Eling, Robert E. Hoyt and Philipp Schaper

Pricing Options with Physically Based Exercise and Random Maturity pp. 59-78

Carolyn W. Chang, Jack S. K. Chang and Yalan Feng

Intermediary Compensation under Endogenous Advice Quality in Insurance Markets pp. 79-108

Annette Hofmann and Ralph Rogalla

Volume 42, issue 2, 2019

Insurance Market Competition and Reserve Management: Evidence from U.S. Property‐Liability Insurance Companies pp. 1-38

Xin Che

The Provision of Audit and Non‐Auditing Services (NAS):The Case of U.S. Property‐Casualty Insurers pp. 39-79

Jiang Cheng, Mary A. Weiss and Tzuting Lin

Optimal Deductible in Liability Insurance with Regard to the Limited and Unlimited Protection pp. 80-102

Mahito Okura, Takuya Yoshizawa and Motohiro Sakaki

An Examination of Insurer Share Price Behavior Surrounding Superstorm Sandy pp. 103-118

Partha Gangopadhyay, Joseph D. Haley and Li Zhang

Volume 42, issue 1, 2019

Underwriting, Investing and Value: Evidence from Simulation and from Market Data pp. 1-36

Nicos A. Scordis

Reinsurance and Insurers’ Risk‐Return Profile pp. 37-65

Yu Lei

Staying the Course or Rolling the Dice: Time Horizon’s Effect on the Propensity to Take Risk pp. 66-85

Liqun Liu, Andrew J. Rettenmaier and Thomas R. Saving

The Retirement Decision with Consideration of Part‐Time Work After Retirement pp. 85-112

Hong Mao, Krzysztof M. Ostaszewski and Zhongkai Wen

Volume 41, issue 2, 2018

The Market Impact of the Supreme Court Decision Regarding the Patient Protection and Affordable Care Act: Evidence from the Health Insurance Industry pp. 135-167

James I. Hilliard, Andre P. Liebenberg, Ivonne A. Liebenberg and Joseph Ruhland

Culture and Life Insurance Ownership: Is It an Issue? pp. 168-192

J. Francois Outreville

Anatomy of an Error: The Case of Loss Reserve Development Error Research pp. 193-214

Michael M. Barth and David L. Eckles

Is Risk Taking Beneficial to the Insured and to Society? pp. 215-230

Hong Mao, James M. Carson and Krzysztof M.Ostaszewski

Volume 41, issue 1, 2018

What Factors Portend Changes in Household Relative Risk AVersion? pp. 1 - 21

James Carson, Randy Dumm, Martin Halek and Andre Liebenberg

Which Insurers Write Cyber Insurance? Evidence from the U.S. Property and Casualty Insurance Industry pp. 22 - 56

Martin Eling and Jingjing Zhu

Is the New Regulation Successful in Reducing Systemic Risk of Global Systemically Important Insurers? Empirical Evidence from Insurers around the Globe pp. 57 - 110

Derrick W.H. Fung and Jason J.H. Yeh

Influence of a Board‐Level Risk Committee on Value pp. 111 - 134

Nicos Scordis

Volume 40, issue 2, 2017

The Effect of Diversification Relatedness on Firm Performance pp. 125-158

Brandon C.L. Morris, Stephen G. Fier and Andre P. Liebenberg

Estimation Errors Among Insurers: The Case of Subrogation pp. 159-180

Daniel Ames, Bryan Graden and Jomo Sankara

Risk During the Financial Crisis: The Role of the Insurance Industry pp. 181-214

Pamela Peterson Drake, Faith Roberts Neale, Patrick J. Schorno and Elias Semaan

The Effect of Government‐Run Healthcare on the Salaries of Nursing Professionals in the U.S pp. 215-246

Jill M. Bisco, Cassandra Cole and J. Bradley Karl

Volume 40, issue 1, 2017

Hedging, Cash Flows, and Firm Value: Evidence of an Indirect Effect pp. 1-22

Mohammed Altuntas, Andre P. Liebenberg, Ethan D. Watson and Serhat Yildiz

A Governance Study of Corporate Ownership in the Insurance Industry pp. 23-60

David M. Pooser, Ping Wang and James Barrese

The Influence of Tort Reform on Auto Liability Losses and Premiums pp. 61-89

Patricia Born

Hedging, Cash Flows, and Firm Value: Evidence of an Indirect Effect pp. 90-124

Hong Mao, James M. Carson and Krzysztof M. Ostaszewski